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Six arrested in Texas for $2.8M scam targeting seniors with fake gold purchases.
Six people were arrested in Texas in connection with a $2.8 million scam targeting elderly residents, primarily through fake gold bar purchases.
The scheme, which began in late 2025, involved fraudsters posing as federal employees who claimed victims’ accounts were compromised and urged them to buy gold to protect their assets.
One 81-year-old lost $766,000, and four other victims across the state lost about $1.9 million.
Authorities recovered most of the stolen gold coins during raids in Richmond, Houston, and Kingwood.
All six suspects face first-degree felony charges with bond amounts between $1 million and $5 million.
The investigation, involving local, state, and federal agencies, is ongoing and may include international elements.
Officials urge the public to remain vigilant against similar scams.
Seis arrestados en Texas por estafa de $2.8M dirigida a personas mayores con compras de oro falso.