A massive multi-state operation involving over 200 victims has been dismantled, with authorities seizing $130 million in gold linked to a scheme that funneled stolen assets into untraceable cryptocurrency.
Tarrant County prosecutors have indicted over 40 individuals in a sophisticated $250 million fraud ring targeting seniors. Victims were coerced into converting savings into gold, cash, or bitcoin, which was then laundered through shell companies and melted down at a Florida refinery to evade detection.
Scammers posed as bank officials or federal agents, claiming the victim's accounts were compromised and instructing them to convert savings into gold, cash, or bitcoin for 'safekeeping' via a courier.
Hang up immediately and contact your bank using a verified number from your statement or the back of your card. Report the incident to the FBI at ic3.gov or the National Elder Fraud Hotline.