Police Alert: Elaborate Gold Bar Scheme Defrauds Hundreds of New York Seniors

So far, police believe there are hundreds of victims, with losses exceeding $100 million.

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The New York Police Department has issued a public warning regarding a widespread gold bar swindle preying on older residents throughout the city. Investigators have documented hundreds of victims who have fallen prey to the scheme, which has resulted in financial losses surpassing $100 million.

The scam represents one of the largest elder fraud operations detected by local authorities in recent years. Officials continue their investigation into the operation and have urged potential victims to come forward with information.

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