Federal and state law enforcement agencies raided multiple jewelry stores across Georgia, Texas, and Florida on Wednesday, uncovering a massive fraud scheme involving more than $50 million worth of gold.
The coordinated raids targeted businesses suspected of participating in what officials are calling a “gold bar scam” that has victimized hundreds, primarily senior citizens.
One of the raided businesses, Milani Jewelers on DeKalb Industrial Way in Decatur, Georgia, was among several stores implicated in the investigation.
Simultaneous raids also took place at jewelry stores in Richardson, Texas, and Orlando, Florida…