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International Business Times UK
International Business Times UK
Business
Akshay Puri

77-Year-Old Bought Gold for Scammers — Twice. Lost $390,000: 'I Was Hoping It Was a Bad Dream'

Jeffrey Maas was tricked by a fake email into revealing banking information and granting scammers remote access. (Not an actual photo) (Credit: AI Chatgpt)

When Jeffrey Maas retired, he and his wife believed their future was secure. After decades of work and careful saving, the New Jersey couple planned to travel across Europe, enjoy overseas cruises, and leave a financial legacy for their children and grandchildren.

Today, many of those plans have been thrown into doubt. The 77-year-old says he lost $390,000, nearly half of his life savings, after falling victim to a sophisticated scam that began with a single phone call and ended with strangers driving away with gold purchased using his retirement funds.

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