NYPD Releases Images in $9 Million Gold Bar Theft After 67-Year-Old Fell for Online Scam
Updated
Updated · The New York Times · Nov 14
NYPD Releases Images in $9 Million Gold Bar Theft After 67-Year-Old Fell for Online Scam
2 articles · Updated · The New York Times · Nov 14
Summary
Security footage released this week shows the man police say took $9 million in gold bars from a 67-year-old victim at West 81st Street and Broadway in April 2025.
Police said the victim had been duped by an online fraud scheme into believing his assets were compromised and was instructed to buy the gold and hand it over.
About 69 one-kilogram bars would be needed to reach $9 million at current prices, weighing more than 150 pounds, according to a Manhattan bullion dealer who said such scams often target older people.
A similar Florida case led to 10 indictments this month after a woman was persuaded to buy $101,220 in gold bars and later asked for another $500,000, underscoring a wider rise in hard-to-trace gold scams.