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2 men charged for posing as federal agents in Washington gold scam
Fox News • • business
Key Points:
- Two men, Chu Lin and Xiean Cheng, were arrested for allegedly posing as federal agents to scam an 85-year-old Washington, D.C. man out of more than $200,000 in gold bars.
- The suspects contacted the victim starting July 8, falsely claiming his bank funds were at risk unless he purchased gold bars and handed them over.
- The victim attempted to buy the gold bars, but the dealer recognized the scam and alerted law enforcement.
- Both men face charges of second-degree financial fraud following the intervention of the Metropolitan Police Department's Financial and Cyber Crimes Unit and the FBI.
