Federal and state law enforcement raided a jewelry store in Richardson on Wednesday, the latest North Texas business implicated in an alleged widespread fraud scheme involving gold.
A team of 20 SWAT officers swept into Malani Jewelers on North Central Expressway, detaining 13 employees and seizing crates full of gold from inside. Authorities allege the jewelry store was one of a network of businesses that laundered stolen gold purchased by victims of what’s known as the gold bar scam.
As that raid was underway in Richardson on Wednesday morning, federal and state law enforcement were simultaneously raiding jewelry stores in Atlanta and Orlando. More than $50 million worth of gold was recovered in the three raids…