Gold bar scammers bilk nearly $1M from Maryland woman, police say In Montgomery County, Maryland, a 19-year-old man, Zhenyong Weng, has been charged in a sophisticated gold bar scam that defrauded an 82-year-old woman of over $900,000. This case, the second of its kind in four months, involved complex schemes with coded communications and parking lot exchanges. Police uncovered the fraud and arrested Weng by posing as a victim. While Weng’s defense attorney argues his client was only involved in a pickup, not the entire scheme, the judge deemed it a “major crime” targeting a vulnerable senior citizen. The scammers nearly obtained an additional $2.6 million before being caught. There’s no apparent connection to a similar case from four months ago. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts China’s 10-Year Yield Down to Lowest Since 2002 on Growth Worry READ MORE How the Yen-Dollar Dance is Shaking Up Wall Street READ MORE Gold Shines: Analysts Project $2,700 Target by Year-End READ MORE Bank of America Increases Minimum Wage to $24, Aiming for $25 by 2025 READ MORE Yellen Critiques Market Overreaction to Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment