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

Celebrity doctor Peter Attia breaks silence over crude email sent to Epstein: I had little exposure, his access felt novel

Celebrity doctor and anti-aging physician Peter Attia, who is also a contributor to CBS News, broke his silence about the crude email that he sent to sex offender Jeffrey Epstein, released in the latest tranche of files drop. Read More

‘Orchestrated By Zionists & US’: Khamenei Says Trump’s ‘Help On The Way’ Remark Fuelled Iran Unrest

Khamenei pointed directly to Trump’s public comments during the protests as proof of US involvement. Read More

Budget 2026 Aims For Stability, Growth & Viksit Bharat: FM Sitharaman To News18 | Full Interview

FM Nirmala Sitharaman, in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi, decodes Budget 2026, responds to criticism and politics Go to Source Read More

Son Of Norway’s Crown Princess Arrested Over Rape Charge

Marius Borg Høiby, son of Crown Princess Mette-Marit, was arrested before his Oslo trial on 38 charges including rape and assault. Read More

Khawaja Asif’s Admission Confirms India’s Stand On Pakistan’s Terror Funding, Say Intel Sources

Indian intelligence sources said that the Pakistan minister’s statement validates India’s long-standing position that Pakistan’s terror ecosystem is rooted in criminal economies. Read More

Topics

Celebrity doctor Peter Attia breaks silence over crude email sent to Epstein: I had little exposure, his access felt novel

Celebrity doctor and anti-aging physician Peter Attia, who is also a contributor to CBS News, broke his silence about the crude email that he sent to sex offender Jeffrey Epstein, released in the latest tranche of files drop. Read More

‘Orchestrated By Zionists & US’: Khamenei Says Trump’s ‘Help On The Way’ Remark Fuelled Iran Unrest

Khamenei pointed directly to Trump’s public comments during the protests as proof of US involvement. Read More

Budget 2026 Aims For Stability, Growth & Viksit Bharat: FM Sitharaman To News18 | Full Interview

FM Nirmala Sitharaman, in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi, decodes Budget 2026, responds to criticism and politics Go to Source Read More

Son Of Norway’s Crown Princess Arrested Over Rape Charge

Marius Borg Høiby, son of Crown Princess Mette-Marit, was arrested before his Oslo trial on 38 charges including rape and assault. Read More

Khawaja Asif’s Admission Confirms India’s Stand On Pakistan’s Terror Funding, Say Intel Sources

Indian intelligence sources said that the Pakistan minister’s statement validates India’s long-standing position that Pakistan’s terror ecosystem is rooted in criminal economies. Read More

‘Terrorists Are Ruling Bangladesh’: Sheikh Hasina’s Son Calls For Boycott Of ‘Rigged’ Feb 12 Polls

Sajeeb Wazed Joy urges Bangladesh citizens to boycott the February 12 election, calling it “rigged” and accusing extremists of dominating the volatile political scene. Read More

Valentine’s Day Gift Guide: Thoughtful Picks Across Beauty, Style, Home And More

Discover the ultimate Valentine’s Day gifting list with curated picks across beauty, skincare, fashion, home décor, fragrances, gadgets, jewellery, and fine spirits for your love Go to Source Author: News18 Read More

MAGA melts down thinking ‘Rehmet is Indian’ after Democrat flips Texas local election

In a stunning victory, Democrat candidate Taylor Rehmet won the special election at a historically Republican seat in Texas, defeating Republican contender Leigh Wambsganss, sending MAGA online handles into an unprecedented meltdown. Read More

Related Articles