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 Could the Chinese Yuan Overtake the US Dollar? READ MORE China’s Gen Z Gives Gold a Boost READ MORE Japan's Gold Market Transformation: From Major Importer to Net Exporter READ MORE "Gold Price at $3000 by 2025: Don't Rule It Out" Alan Hibbard on Analyst Targets READ MORE Misery Index vs. Consumer Sentiment: A Paradox in American Economic Perception READ MORE Add a Comment Cancel replyYour email address will not be published.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