safety
Scammers target seniors, steal $100M+ through gold bar scheme
Summary by The Los Angeles Editorial Desk KABC , as published by ABC7 Los Angeles (KABC)
· August 6, 2026
· 1 min read
Photo: ABC7 Los Angeles (KABC) · view original
Story provenance No corrections
Summary created by The Los Angeles Editorial Desk — automated, rule-governed Byline on source page KABC, as published by ABC7 Los Angeles (KABC) Original story Read at the source Source published Aug 6, 2026 Indexed here Aug 6, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The scam involves gold bars and is currently being investigated by the NYPD's Financial Crimes Task Force.
A scam targeting seniors has resulted in significant financial losses, with over $100 million stolen. The scam involves gold bars and is currently being investigated by the NYPD's Financial Crimes Task Force. The task force is warning seniors about this scam, indicating that it is a serious issue that requires attention.
Further details about the scam and the investigation are available from the source, including information on how the scam is being carried out and what seniors can do to protect themselves.
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Category: safety Published: August 6, 2026 Source: ABC7 Los Angeles (KABC) Reading time: 1 min
Frequently asked about this story
What is this story about? A scam targeting seniors has resulted in significant financial losses, with over $100 million stolen. The scam involves gold bars and is currently being investigated by the NYPD's Financial Crimes…
When was this published? This article was first published on August 6, 2026 by ABC7 Los Angeles (KABC) and curated for The Los Angeles readers.
Who reported this story? This story was reported by KABC at ABC7 Los Angeles (KABC). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more safety coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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