<\/p>\n
Authorities in Texas say they\u2019ve uncovered a nationwide scam that\u2019s drained $55 million from hundreds of elderly victims.<\/p>\n
Federal, state and local officers just raided two jewelry stores in Irving and Frisco in connection with the so-called \u201cgold bar scam.\u201d<\/p>\n
The businesses are accused of working with scammers who threatened elderly people with false claims that they were under criminal investigation, reports<\/a> CBS News Texas.<\/p>\n Says Sheriff Jim Skinner,<\/p>\n \u201cThe suspects convinced victims were under federal investigation and instructed them to comply with specific instructions under strict secrecy for all the obvious reasons.<\/em><\/p>\n The victims, they were directed to liquidate their assets or purchase large quantities of gold and precious metals.\u201d<\/em><\/p>\n Authorities say the victims would typically buy gold and hand it to couriers posing as officials.<\/p>\n The couriers would then sell the gold to Tilak Jewelers in Irving and Saima Jewelers in Frisco, which melted it into jewelry and resold it, with all parties taking cuts.<\/p>\n Three arrests were made during the raids, with millions in assets seized.<\/p>\n The suspects face wire fraud and money laundering charges, with sentences of up to 20 years each.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n \u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Authorities in Texas say they\u2019ve uncovered a nationwide scam that\u2019s drained $55 million from hundreds of elderly victims. Federal, state and local officers just raided two jewelry stores in Irving and Frisco in connection with the so-called \u201cgold bar scam.\u201d The businesses are accused of working with scammers who threatened elderly people with false claims […]<\/p>\n","protected":false},"author":2,"featured_media":419869,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-419859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=419859"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419859\/revisions"}],"predecessor-version":[{"id":419870,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419859\/revisions\/419870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/419869"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=419859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=419859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=419859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n