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Police Recover $300K Gold, Arrest $900K Coin Scheme Leaders

5/19/2026

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Police Thwart Gold
  • Police staged a third exchange, recovering gold coins and thwarting a $300,000 handoff in the Connecticut scam.
  • Hector Perez pleaded guilty to fraud charges in California while Tushar Sharma was arrested in Connecticut over $900,000 gold-coin scheme.
  • Aug. 24 sentencing could impose up to 20 years and an aggravated identity-theft term for Perez.
  • Sharma was arrested May 14 on a $150,000 bond, facing conspiracy and attempted larceny.
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