Monday, February 2, 2026
13.1 C
New Delhi

‘Illegal gold melting setup’: What police found inside two Indian jewelry stores in Texas linked with $55 million fraud

'Illegal gold melting setup': What police found inside two Indian jewelry stores in Texas linked with $55 million fraud

Apart from being a part of the organized scam to defraud senior citizens of their retirement money, the two Indian jewelry stores, which were raided in Texas, had been operating an illegal gold melting setup, the Collin County sheriff’s office said. Tilak Jewellers and Saima Jewellers helped in handling the gold obtained through the scam. More than $30 million in gold and silver has already been seized from the raids and many more victims came forward after the raids alleging that they too had been scammed. The jewelry stores were only a part of the elaborate scam that started with scammers sending emails to elderly Texans, convincing them that their named cropped up in some crime for which they would be arrested unless they buy gold and give it to designated couriers. Several couriers were arrested in the course of the investigation, and they disclosed that they sold some of the gold to these two Indian jewelry shops. They used to melt the gold and make light ornaments.Investigators told CBS News that they discovered an illegal gold-melting setup inside the store. Sheriff Jim Skinner said more than 200 victims, all over the age of 65, were contacted by fraudsters posing as law enforcement officers using fake credentials. The callers allegedly told victims they were implicated in crimes and instructed them to buy gold bars from legitimate dealers.Investigators say the couriers then took the gold bars to the two stores, where they were allegedly melted down into bracelets and other jewelry that could be sold.”What these folks are doing is they’re liquidating these assets by smelting the gold down, making jewelry, and just going home with it,” Skinner said.Both shops have been closed off by investigators. One shop has also been flagged as a fire hazard.

Go to Source

Hot this week

‘Mogambo khush hai’: Congress jabs PM Modi over Trump’s announcement of India-US trade deal

Jairam Ramesh, Congress general secretary in-charge communications NEW DELHI: Congress general secretary Jairam Ramesh on Monday took a swipe at Prime Minister Narendra Modi after US President Donald Trump announced an “immedi Read More

Delhi to get 105 MGD Chandrawal water plant in 2026: CM Gupta

New Delhi: Delhi CM Rekha Gupta addresses a press conference on Union Budget 2026-27, at Delhi Secretariat in New Delhi. Read More

‘Wonderful to speak with President Trump’: PM Modi hails India-US trade breakthrough

Narendra Modi with Donald Trump NEW DELHI: Prime Minister Narendra Modi on Monday welcomed the India–US trade deal announced by US President Donald Trump, stating that he was delighted that tariffs on Indian exports to the United State Read More

‘Only two who get things done’: Donald Trump hails ‘friendship’ with PM Modi amid India-US trade deal

NEW DELHI: US President Donald Trump lavishly praising Prime Minister Narendra Modi as a “powerful and respected” leader as he announced the long-awaited India–US trade deal on Monday. Read More

CA Found Dead, Mother And Teen Sister Critical After Suicide Attempt In Ranchi

The incident has shocked residents of the area, with neighbours saying they were unaware of any visible distress or tension within the family. Read More

Topics

‘Mogambo khush hai’: Congress jabs PM Modi over Trump’s announcement of India-US trade deal

Jairam Ramesh, Congress general secretary in-charge communications NEW DELHI: Congress general secretary Jairam Ramesh on Monday took a swipe at Prime Minister Narendra Modi after US President Donald Trump announced an “immedi Read More

Delhi to get 105 MGD Chandrawal water plant in 2026: CM Gupta

New Delhi: Delhi CM Rekha Gupta addresses a press conference on Union Budget 2026-27, at Delhi Secretariat in New Delhi. Read More

‘Wonderful to speak with President Trump’: PM Modi hails India-US trade breakthrough

Narendra Modi with Donald Trump NEW DELHI: Prime Minister Narendra Modi on Monday welcomed the India–US trade deal announced by US President Donald Trump, stating that he was delighted that tariffs on Indian exports to the United State Read More

‘Only two who get things done’: Donald Trump hails ‘friendship’ with PM Modi amid India-US trade deal

NEW DELHI: US President Donald Trump lavishly praising Prime Minister Narendra Modi as a “powerful and respected” leader as he announced the long-awaited India–US trade deal on Monday. Read More

CA Found Dead, Mother And Teen Sister Critical After Suicide Attempt In Ranchi

The incident has shocked residents of the area, with neighbours saying they were unaware of any visible distress or tension within the family. Read More

Centre Has Taken Note Of Indore Water Contamination Incident, Minister Informs Parliament

The Centre and Indore Municipal Corporation are tackling Bhagirath Pura’s water contamination with AMRUT and AMRUT 2.0 schemes, Minister informed RS. Read More

The Diplomatic Bridge: Sergio Gor’s Quiet Hand In US-India Trade Deal

The announcement of the deal by President Trump was preceded by a high-stakes phone call between him and Prime Minister Narendra Modi Go to Source Read More

Crown Princess’s son arrested for alleged assault before rape trial in Norway

He believes the monarch has managed to distance itself from the imminent court case, with the argument that the princess’s son is a private citizen, but that is not the case for Mette-Marit: “She’s never a private citizen, she’ Read More

Related Articles