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Texas cops arrest five in $55M scam targeting seniors with fake federal agent ruses.
Authorities raided two jewelry stores in Frisco and Irving, Texas, as part of a year-long investigation into a $55 million fraud scheme targeting elderly residents.
Suspects allegedly impersonated federal agents, using fake emails and threats to coerce seniors into buying gold, which was then collected, melted down, and sold or smuggled.
Over 200 victims in Collin County reported losses exceeding $7 million, with total statewide losses near $55 million.
Five individuals, all of Indian origin, were arrested, and millions in cash and precious metals were seized.
The operation involved multiple law enforcement agencies, and officials continue investigating the network, with more arrests expected.
Los policías de Texas arrestaron a cinco en una estafa de 55 millones de dólares dirigida a personas mayores con falsas artimañas de agentes federales.