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flag Six arrested in Texas for $2.8M scam targeting seniors with fake gold purchases.

flag Six people were arrested in Texas in connection with a $2.8 million scam targeting elderly residents, primarily through fake gold bar purchases. flag 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. flag One 81-year-old lost $766,000, and four other victims across the state lost about $1.9 million. flag Authorities recovered most of the stolen gold coins during raids in Richmond, Houston, and Kingwood. flag All six suspects face first-degree felony charges with bond amounts between $1 million and $5 million. flag The investigation, involving local, state, and federal agencies, is ongoing and may include international elements. flag Officials urge the public to remain vigilant against similar scams.

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