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New York Attorney General Warns of $100 Million Gold Bar Scam Targeting Seniors
Just the facts
The fraudulent scheme targets senior citizens through computer pop-up alerts and telephone calls claiming their financial accounts have been compromised. Perpetrators instruct victims to convert their liquid bank funds into gold bars or coins and turn them over to couriers posing as law enforcement officers. State officials reported that scammers have stolen more than $100 million from New York victims over the past two years through this operation. Attorney General Letitia James advised the public to refuse remote access requests to personal devices and to verify account security directly with financial institutions.
Why this is news
New York Attorney General Letitia James issued an official warning after fraudsters stole more than $100 million from state residents through a gold bar scheme.
Sources
This summary is compiled strictly from the original reporting below.