Delco Gold Rush From Hell: Seniors Fleeced For More Than $3 Million In Gold Bar Scam

Two seniors in Delaware County were taken for more than $3 million in what Radnor police are calling a “gold bar” scam, a slick operation that turned retirement nest eggs into a payday for criminals. Investigators say scammers convinced the victims their accounts had been compromised, pushed them to move their savings into precious metals, then sent couriers to scoop up the gold. The cases, highlighted in morning newscasts, line up with a nationwide surge in elder fraud that law enforcement says has been gaining steam in recent months.

Radnor detectives say the first victim was approached in October 2024 and told to purchase gold and photograph it as part of a supposed Social Security investigation, then leave the package in a car for a courier to collect. A second Radnor-area resident reported a nearly identical setup after being contacted through Facebook, and police say the two residents together lost more than $3 million. “It gives you a pit in your stomach,” Radnor Police Detective Brian Bell told Action News, according to 6ABC…..

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