Six people have been arrested in connection to a $2.8 million “gold bar” scam in Texas that targeted at least six elderly victims.
The Friendswood Police Department said in a social media statement that the investigation into the scam was launched in December 2025 after an 81-year-old resident was persuaded to convert $766,000 into 177 one-ounce Canadian Gold Maple Leaf coins.
A scammer posed as a federal employee and told the victim their financial accounts had been compromised, according to police. The scammer then instructed the victim to purchase gold in order to “protect” their assets…