- 05/19/2026
- Warren Mills
- Update on F.B.I. Meeting
Update on F.B.I. Meeting
Update on F.B.I. Meeting
A few weeks ago, we put out an alert regarding thieves posing as varied government agents and concocting a story about individuals financial account being tied to various criminal elements. They were instructed to protect themselves; they should take their assets and convert them to gold. Upon the conversion, they will be directed to hand over the gold to a courier that will deliver the gold to the government agents, “for safe keeping,” until the investigation is complete. I know it seems crazy but it’s amazing how many victims are being caught up in this scam. The crooks make sure to instruct their victims not to discuss anything with anyone. You know the results, the courier is gone, the burner phones are gone and so are the assets! I was shocked when we were contacted by an F.B.I. agent to discuss the information that we had printed in our newsletter.
The agent scheduled an appointment and Don and I met with her. She was very professional and informative. I know this scam had to be very far reaching if the F.B.I. was getting involved. I was frustrated that a bunch of professional scammers were putting a huge black eye on the hard asset industry. Why hasn’t the F.B.I. done more to try and set up a sting for these crooks? The agent was very patient and helpful. She informed me that the F.B.I. works mostly with violent crimes. They tried to set up stings but the only ones that were apprehended were the couriers that in many instances may have no idea who the real players are. Most of the crooks are operating outside of the U.S. and once they get the metals, all traces of them are gone. This scam is very far reaching and horrible for victims that may lose their life savings. Rather than sit quietly, the F.B.I. is trying to educate dealers to be aware of the scams and to ask more probing questions to be sure that people are not being duped. The agent provided us with contact information for the local office as well as the Boston office to report concerns directly to them.
All dealers as well as collectors should keep in mind that the scam is directed at older people more so than younger individuals. Please don’t hesitate to ask a friend or relative about being contacted by anyone regarding conversion of assets to any precious metals. You may be saving people from pure agony. Please report your concerns to your local F.B.I. office.
Thank you,
Warren