Six Charged In North Texas Jewelry Scam

Two North Texas Jewelry stores are in linked in a money laundering scam. Authorities say Tilak Jewelers in Irving and Sami Jewelers in Frisco have stolen about 6-million from victims in Collin County and about 55-million from victims across the state. According to court documents, the stores would call elderly people, pose as federal law enforcement, and pressure them into handing over their gold, cash, and even cryptocurrency. They would then melt the gold into jewelry for people to buy. Authorities say some of the melted gold was reshaped into bracelets and taken out of the country. Six people have been charged, and the alleged offenses range from theft to financial abuse of the elderly…

Story continues

TRENDING NOW

LATEST LOCAL NEWS