Queens Woman Falls Prey to Gold Bar Scam, Loses $700,000

A Queens woman recently lost her life savings – a staggering $700,000 – in a sophisticated gold bar scam. The criminals used a combination of cyberattacks and in-person interactions to manipulate her into buying and handing over large quantities of gold bars, believing it was necessary to protect her bank accounts from alleged hacking.

The Scam's Deceptive Tactics

The scam began with a malware infection on the victim's computer, leading to a fraudulent message urging her to contact a specific number. The perpetrators then employed scare tactics, convincing her that her accounts were compromised and that she was under surveillance. She was instructed to maintain secrecy, further isolating her from potential help.

The criminals directed her to make multiple purchases of gold bars, totaling over $698,000, and to deliver cash in person. They provided fake receipts and promises of reimbursement, which never materialized.

How the Scam Unfolded

• Phase 1: Malware and Contact: The scam started with malware infecting her computer, leading to a contact number displayed on the screen.
• Phase 2: Scare Tactics: The perpetrators used scare tactics to convince her that her accounts were compromised and that she was under surveillance, instructing her to secrecy.
• Phase 3: Gold Purchases: The criminals directed her to make multiple gold bar purchases from a local store.
• Phase 4: Cash Delivery: The victim was instructed to deliver cash in person.
• Phase 5: Fake Receipts and Non-Payment: Fake receipts and a promise of a check were used to complete the deception.

Protecting Yourself from Similar Scams

• Beware of Phishing: Never click on suspicious links in emails or text messages.
• Verify Contacts: Do not call random numbers that appear on your screen or in texts without verification.
• Never Send Money Blindly: Don't send money to anyone you don't know, regardless of who they claim to be.
• Report Suspicious Activity: If you suspect a scam, contact the authorities immediately.

This case highlights the importance of remaining vigilant against increasingly sophisticated scams. Protecting your finances requires constant awareness and caution.

<br> **Nassau County authorities have made one arrest in a similar case, but the woman’s losses remain unrecovered.**