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

    Delhi truck driver claims robbery of 6,000 kg copper scrap after being sedated, probe reveals he was part of plot | Delhi News

    Precious Metal

    James St man who lost three buildings to fire blames burning of copper wire

    Precious Metal

    Precious Metals Royalty And Streaming Companies – August 2025 Report

    Precious Metal

    Titan vs Kalyan Jewellers vs Senco Gold: Which jewellery stock to buy amid rising gold prices, India-US trade deal buzz?

    Precious Metal

    Silver emerges as strategic metal in age of energy transition

    Precious Metal

    Aurubis Secures €200M EIB Loan to Boost Copper Refining and Recycling

    Precious Metal
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Arrivée du quinté du dimanche 6 avril à ParisLongchamp : Lanzelot Gold franchit un palier

    Cryptocurrency

    Victim of largest cryptocurrency heist in history announces bounty to hunt hackers

    Fintech

    Coincover Offers Protection for Bitso Customers Against Crypto Disaster Situations

    Editors Picks

    Private investors help fill the gap as lending to SME property developers halves

    February 26, 2025

    Four Types of Funds to Switch to Before Retirement

    August 30, 2025

    Citi investit stratégiquement dans Starburst pour accélérer l’usage de l’IA dans les secteurs régulés

    June 10, 2025

    précisions sur le partenariat avec BKB Energy en Corée du Sud

    March 17, 2025
    What's Hot

    I had my home transformed on TV and it ended in DISASTER – my family had to flee the property after show bosses left us battling two horrendous problems

    August 16, 2025

    Nanjing Public Utilities Development Co., Ltd. propose un dividende final en espèces pour l’année 2024

    April 11, 2025

    UK house prices drop by more than £5,000 in August

    August 25, 2024
    Our Picks

    How much a Thursday Murder Club retirement REALLY costs: The luxury developments that rival Coopers’ Chase – and how much you need to save now to afford them

    September 3, 2025

    NEET : Et si les Social Impact Bonds étaient la solution?

    May 20, 2025

    Happening, huis clos et torréfaction… : l’usine qui fait polémique était au cœur du dernier comité de suivi du projet E-CHO

    June 4, 2025
    Weekly Top

    Founders see Cyprus as springboard for global fintech expansion

    September 14, 2025

    Delhi truck driver claims robbery of 6,000 kg copper scrap after being sedated, probe reveals he was part of plot | Delhi News

    September 14, 2025

    10 terrible early 00s movies with killer nu metal soundtracks

    September 14, 2025
    Editor's Pick

    Stock Market Sectors: Stock market update: FMCG stocks down as market falls

    July 10, 2025

    3 Fintech Stocks to Buy During the August Market Dip

    August 9, 2024

    The Future Of Your Money – Forbes Advisor Canada

    October 21, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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