At least $55M lost in fraud, money laundering scheme targeting elderly victims

Outside Tilak Jewelers in Irving Thursday afternoon was a swarm of local and state investigators.

Inside, police were seen combing through display cases, collecting evidence in what the Collin County Sheriff’s Office calls an alleged large-scale fraud and money laundering scheme targeting elderly victims across Texas.

This store and Saima Jewelers in Frisco are where investigators say the suspects converted precious metals they coerced victims into handing over…

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