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International Business Times UK
International Business Times UK
Business
Stephanie Cruz

An 85-Year-Old Was Told to Turn His Savings Into Gold, Until a Dealer Stepped In

Police say the scammers instructed the 85-year-old to convert his bank funds into gold bars before collecting them from his home. (Credit: AI-generated illustration: Google Gemini)

A gold dealer in Washington, DC, was asked to sell more than $200,000 (£148,000) of bullion to an 85-year-old customer. The dealer told the man he was being scammed and alerted the authorities.

Officers went on to arrest two men at the customer's home after they arrived to collect the bars, the Metropolitan Police Department said in a statement on 7 August.

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