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The Guardian - US
The Guardian - US
World
Eric Berger

New York authorities warn about gold bar scam targeting older adults

A stack of gold bars
The scheme reportedly involves convincing victims their bank accounts have been compromised and to protect their money they must buy gold bars. Photograph: David Gray/AFP/Getty Images

Scammers in New York have been using gold bars to steal money from victims, primarily older adults, and made off with more than $100m over the past two years, the state’s attorney general announced on Friday.

The scheme starts with victims receiving a fake pop-up message that states their computer or financial account has been compromised, the press release stated. The message includes a phone number to call, and when people do, the scammers convince the victims to provide remote access to their computers, which allows them to access their financial information or online bank accounts.

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