Gold bar scam arrests in DC

Two men, Chu Lin and Xiean Cheng, were arrested by the United States — Metropolitan Police Department of the District of Columbia for allegedly posing as federal agents to scam an 85-year-old Washington, D.C., man into handing over more than $200,000 in gold bars. The scheme began on July 8 when the victim was contacted by email and phone. The scammers claimed his bank funds were in jeopardy and advised him to purchase gold bars for safekeeping. The victim attempted to buy over $200,000 in gold, but a gold dealer recognized the scam and alerted the police and the FBI. When Lin and Cheng arrived at the victim's home to collect the gold, they were arrested. Both were charged with second-degree financial fraud.