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Texas Jewelers Raided in $50M Gold Scam Targeting Seniors

2/28/2026

23 2 Full Breakdown

Summary

Story summary

Federal and state law enforcement raided Malani Jewelers in Richardson, Texas, on February 25, 2026, as part of a multi-state gold bar scam probe targeting seniors.
Authorities detained 13 employees and seized $50 million in gold in raids in Texas, Georgia, and Florida.
The Collin County Sheriff's Office leads the investigation, which has yielded about 20 arrests, while the total value of the gold and number of victims remain undisclosed.

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Story summary

Federal and state law enforcement raided Malani Jewelers in Richardson, Texas, on February 25, 2026, as part of a multi-state gold bar scam probe targeting seniors.
Authorities detained 13 employees and seized $50 million in gold in raids in Texas, Georgia, and Florida.
The Collin County Sheriff's Office leads the investigation, which has yielded about 20 arrests, while the total value of the gold and number of victims remain undisclosed.