NYPD Investigates $100 Million Gold Bar Scam Targeting Retirees
The NYPD is investigating a large-scale scam targeting retirees that has defrauded victims of over $100 million by exploiting their trust in gold as a secure investment. The scheme, which began in May 2024 and involves multiple federal agencies including the Department of Homeland Security and IRS, uses deceptive tactics such as fake tech support calls and government impersonation to convince seniors that their financial accounts are at risk. Scammers often start with pop-up warnings on victims' computers before escalating by gaining remote access. They then pressure retirees into converting savings into gold or cash for
Topics: gold scams NYPD investigation retirees