Man accused of using 'gold bar scam' to steal $555,892 from Pennsylvania resident https://t.co/CytKjBZFLT
A New York man is accused of stealing gold bars worth over half a million dollars from an elderly Pennsylvania resident. https://t.co/LFT7bvyOXy
The woman allegedly convinced the victim that someone was trying to access her life savings, and the only way to keep the money safe was to convert it into gold bars and turn them over to federal employees. https://t.co/UN1r8g7ZoY
A Brooklyn man has been arrested on charges that he swindled an elderly Lancaster County, Pennsylvania resident out of $555,892 in gold bars, according to New York State Police and local Pennsylvania authorities. Investigators say the suspect, working with at least one accomplice, posed as a federal official and convinced the victim that her bank accounts were threatened. The scammers allegedly instructed her to convert her life savings into gold bars for supposed safekeeping, then collected the bullion and disappeared. Police warn that the so-called "gold bar scam"—an evolution of government-impersonation and tech-support frauds—is spreading nationwide and often targets older Americans with substantial savings. The investigation remains open, and additional arrests are possible.