Gold Swindle Fraud Scheme

SOURCE www.thesmokinggun.com
Elderly Floridians swindled out of $400,000 in gold bars by a phone fraudster posing as an Amazon representative and a US Government agent, leading to the arrest of a 21-year-old man involved in the fraud scheme.

Key Points

  • Elderly victims were targeted by a phone fraudster posing as an Amazon representative and a US Government agent
  • Victims were swindled out of $400,000 in gold bars
  • 21-year-old Tejaskumar Patel was arrested for his role in the fraud scheme

Pros

  • Police intervention led to the arrest of one of the individuals involved in the fraud scheme.

Cons

  • Heartbreaking scheme that targeted elderly individuals
  • Victims lost a significant amount of money in gold bars