Tilak Jewelers in Irving and Saima Jewelers in Frisco are at the center of a gold laundering scam. On Thursday, millions of dollars in cash and gold was seized from these two stores, while three people have been arrested.
At a moment when anti-Indian sentiment is running high amid H-1B-related investigations —most notably in Texas — news of another crime involving Indian-owned stores from the state is especially disheartening for the community.
In the cities of Frisco and Irving in Texas, a police raid at two Indian jewelry stores uncovered a $55 million scam…