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Story summary
- Six individuals were arrested in Texas for a gold bar scam that defrauded elderly residents of about $2.8 million.
- The December 2025 investigation began after an 81-year-old victim lost $766,000, as scammers posed as federal employees to steer savings into gold coins.
- Authorities recovered 157 coins, identified additional losses around $1.9 million, and suspects face first-degree felony theft and organized criminal activity charges with bonds from $1 million to $5 million.
