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Seniors Warned Of 'Gold Bar Scam' Swindling Millions

Gold bars are pictured at the plant of Argor-Heraeus, in Mendrisio

The FBI and authorities in Maryland are cautioning seniors about a fraudulent scheme known as the 'gold bar scam,' which has resulted in millions of dollars being swindled from unsuspecting individuals.

The scam typically initiates through pop-up ads or phone calls, with scammers impersonating federal agents and persuading victims to convert their assets into gold bars for supposed 'safekeeping' by the U.S. Department of Treasury.

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