Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Precious Metal»Gold bar scammers swindle Montgomery Co. senior out of almost $1M – NBC4 Washington
    Precious Metal

    Gold bar scammers swindle Montgomery Co. senior out of almost $1M – NBC4 Washington

    July 17, 20242 Mins Read


    Just one little computer click led to a senior in Montgomery County, Maryland, losing almost $1 million.

    The victim, an 82-year-old retiree, drained her life savings and converted $900,00 into gold bars after being fooled by people posing as federal agents, the Montgomery County state’s attorney told News4.

    The scammers pounced after the victim clicked on a pop-up ad.

    “When she clicked on the pop-up ad, they let her know that she had been compromised and that Russian spyware was being used against her and that if she did not cooperate with them and buy a product from them that cost $46,000, they could basically take everything,” John McCarthy said.

    The victim converted her funds into gold bars at the direction of scammers and handed them over to a courier.

    She was about to hand over more gold bars, worth more than $2 million, but she learned she was dealing with criminals, not federal agents who were trying to help her.

    Suspect Zhenyong Weng, 19, of Brooklyn, New York, was arrested after he showed up in Silver Spring to collect what scammers believed was a box full of gold, McCarthy said. The box actually was handed off by a Montgomery County detective posing as the victim.

    The suspect had an initial court appearance and was held without bond.

    Gold bar scammers have repeatedly targeted Montgomery County seniors. News4 reported in March that one victim lost $800,000. In May, another victim lost about $230,000.

    Real government officials will never ask you to turn your hard-earned cash into gold, McCarthy reminded residents.

    “The federal government and federal agents are not gonna call you, tell you that your life savings is in jeopardy and coach you into buying gold bars and then asking you to deliver them to them,” he said.

    News4 sends breaking news stories by email. Go here to sign up to get breaking news alerts in your inbox.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XAG/USD bulls regain control as short-term momentum strengthens

    Precious Metal

    Silver, Gold ETFs and SEBI’s measured framework

    Precious Metal

    From 150% returns and SEBI safeguards to tax impact and hidden risks

    Precious Metal

    Copper mining, Compass & Magnum Ice Cream

    Precious Metal

    Gold, Silver Rate Today Live Updates: MCX Gold, MCX Silver rise in opening trade on safe haven demand; what’s the outlook now?

    Precious Metal

    Copper smelter advances to steady-state operations

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Fintech

    Swiss Banks Embrace Blockchain, Prioritizing Cryptocurrencies, HSG Study Finds – Fintech Schweiz Digital Finance News

    Property

    Affaire Apavou Deal : Bissessur libéré, Couveline arrêté

    Fintech

    Polo Queen Industrial and FinTech investit 52,5 millions de roupies dans une filiale -Le 07 mars 2025 à 15:33

    Editors Picks

    Stock Market Highlights Feb 18: Sensex, Nifty extend winning streak to 3rd day; Financials and metals lead, IT lags

    February 18, 2026

    Dominion Energy prepares to service Lowcountry as Tropical Storm Debby nears

    August 6, 2024

    Sawiris Foundation signs an MoU with AFD, Essam and May Allam Foundation, and the Louis Dreyfus Foundation to develop agricultural solutions

    June 4, 2025

    Angkor au Musée Guimet, un trésor de métal et de pierre

    June 2, 2025
    What's Hot

    Metal Gear Solid 6 – everything we know so far

    August 26, 2025

    découvrir l’agriculture locale et susciter des vocations

    May 13, 2025

    ssa payments: Social Security Christmas week 2025 office hours and retirement age changes in 2026 explained: How early claiming affects benefits? Here’s timings, staffing plans and holiday pay

    December 23, 2025
    Our Picks

    Transcript : KKR Real Estate Finance Trust Inc., Q1 2025 Earnings Call, Apr 24, 2025

    April 24, 2025

    cette batterie externe résiste à …

    April 24, 2025

    Traditional IRAs vs Self-Directed IRAs: What to choose

    August 15, 2025
    Weekly Top

    59 and Wondering About Retirement Savings? See How You Measure Up

    February 20, 2026

    Stock market today: Trade setup for Nifty 50, Gift Nifty, US-Iran war to gold, silver rates — 7 stocks to buy or sell

    February 20, 2026

    RRSPs are great but investments in matter

    February 20, 2026
    Editor's Pick

    OCC Affirms Bank Activities in Crypto, Rescinds Supervisory Rule

    March 13, 2025

    Cryptocurrency Immutable Rises More Than 6% In 24 hours

    July 17, 2024

    VIDÉO –  Entre bois, métal et os d’animaux : avec poésie, cet artiste connecte nature et création

    April 29, 2025
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.