New York authorities warn about gold bar scam targeting older adults
New York authorities have issued a warning regarding a widespread scam where criminals convince older adults to convert their life savings into gold bars to 'protect' them from compromised accounts. The scheme has resulted in over $100 million in losses across multiple US states.
The scheme reportedly involves convincing victims their bank accounts have been compromised and to protect their money they must buy gold bars./Getty Images The scheme reportedly involves convincing victims their bank accounts have been compromised and to protect their money they must buy gold bars./Getty Images New York New York authorities warn about gold bar scam targeting older adults State’s attorney general says scammers have made off with more than $100m in past two years
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