Gold prices are projected to exceed $3,100 per troy ounce in the coming months, with scammers taking advantage of the profits that deny people from people’s money.
Interest in gold has skyrocketed as the global economy is plagued by uncertainty amid President Donald Trump’s tariffs spark a trade war with other countries.
Gold fraud has also skyrocketed, with seniors in the US being scamed of $126 million last year alone.
Scammers are targeting seniors. Many of them are too scared or embarrassing to come forward and report losses.
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Police Chief Charles Ramsey, Cumberland, Maine, recently arrested someone for his role in emptying a resident’s bank account.
“We reported that Cumberland residents came here to the police station and believed she had been scamed over $100,000,” he said.
Ramsey said she believes a group of people are working together and makes her think they are acting on her behalf.
“In fact, they were taking over her computer with malicious intentions and convinced them that they were Microsoft’s computer engineers and that she needed to take the money out of the financial institution and convert it into money to keep the money safe, then picked up this money and took it to DC for safe keeping.
But the money was never brought to DC, and the scammers were made of money.
That same scam is happening all over the country. Pop-up ads primarily scare senior people and call for ad numbers to help. On the other lines, scammers tell the victim that the money is not safe, but they can help them.
Courier is sent to pick up gold sticks. Take them to take them to a safe bank on the surface.
In Denver, police arrested a courier when officers showed up to deliver money on behalf of the victim. The same thing happened in Maine when courier service appeared.
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Delivery companies are often low-cost men in fraudulent organizations. Currently, FBI agents are investigating two call centres in India and are tracking some of these money scams.
AARP and the FBI, together with police, are trying to warn people not to fall victim to fraud, educate people, and warn people not to click on pop-up ads or email links.
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