Maryland Gold bar scam: seniors swindled, millions stolen, FBI …

In collaboration with the FBI, authorities in Montgomery County issued a new warning Monday regarding a widespread gold bar scam targeting seniors across the region.

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Gold Bar Scams Net Millions In Montgomery County: ‘Money To Be …

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The number of actual victims, authorities said, is probably much higher. ... (IC3) has received more than 250 complaints related to gold bar scams, totaling about $84 million.

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Gold Bar Scam Targeting Maryland Residents Leads To Multiple …

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Aug 12, 2024 · Authorities said the pattern of the scam is similar. ... the man bought a total of $1.1 million in gold bars and arranged to have the gold picked up by the suspect’s associates. After …

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Gold Bar Scammers Robbing Seniors Of Millions In Maryland, FBI …

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Aug 12, 2024 · Montgomery County Police Detective Sean Petty revealed that, as of Aug. 9, investigators have identified seven victims who collectively lost $6.3 million in gold bars. FOX …

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‘People Are Losing Their Life Savings’: 7 Maryland Residents Lost …

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Aug 27, 2024 · As of Aug. 9, Maryland’s Montgomery County Police have identified seven victims who have collectively lost $6.3 million in gold bars, according to FOX 5 DC. This month the …

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Soddy-Daisy Man Duped In $1M Gold Bar Scam: 2 Arrested In

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1 day ago · SODDY DAISY, Tenn. — A man from Soddy-Daisy says he was tricked into giving away thousands of dollars in gold bars. Authorities arrested Raymond Guan and Ho Yin Li in …

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FAQs about Maryland Gold bar scam: seniors swindled, millions stolen, FBI … Coupon?

Is a Maryland gold bar scam targeting seniors?

Maryland Gold bar scam: seniors swindled, millions stolen, FBI sounds alarm In collaboration with the FBI, authorities in Montgomery County issued a new warning Monday regarding a widespread gold bar scam targeting seniors across the region. ...

Is there a gold bar scam targeting seniors in Montgomery County?

ROCKVILLE, Md. - In collaboration with the FBI, authorities in Montgomery Countyissued a new warning Monday regarding a widespread gold bar scam targeting seniors across the region. The scam, which has resulted in millions of dollars being stolen, has prompted local and federal officials to urge residents, especially seniors, to remain vigilant. ...

What is a 'gold bar scam' & how does it work?

The scam typically begins with pop-up ads or phone calls, where suspects pose as federal agents and instruct victims to convert their assets into gold bars for "safekeeping" by the U.S. Department of Treasury, Fox 5 DC reports. ...

Did a Maryland gold bar scam lead to a $1 million arrest?

RELATED | Undercover operation leads to arrest in another $1 million Maryland gold bar scam Officials said on 10 separate occasions between March and June of 2024, the man bought a total of $1.1 million in gold bars and arranged to have the gold picked up by the suspect’s associates. ...

Why are scammers asking for gold?

“The scammers are asking for gold because it is a transaction that looks somewhat more normal than an elderly victim walking to a bank and attempting to withdraw $50,000 in cash,” FBI Supervisory Special Agent Keith Custer said Monday. “When looked at from the outside, the purchase of gold bullion is a normal investment activity. ...

Who is targeted by a gold scam in Montgomery County?

"This scam targets everyone, regardless of age, regardless of any demographic," said Montgomery County State Attorney John McCarthy. In July, 7News reported on a gold scam incident that targeted an 82-year-old woman who lost nearly a million dollars. Authorities said the pattern of the scam is similar. ...