Gold bar scammers bilk nearly $1M from Maryland woman, police say

24.07.17 News

In Montgomery County, Maryland, a 19-year-old man, Zhenyong Weng, has been charged in a sophisticated gold bar scam that defrauded an 82-year-old woman of over $900,000. This case, the second of its kind in four months, involved complex schemes with coded communications and parking lot exchanges. Police uncovered the fraud and arrested Weng by posing as a victim. While Weng’s defense attorney argues his client was only involved in a pickup, not the entire scheme, the judge deemed it a “major crime” targeting a vulnerable senior citizen. The scammers nearly obtained an additional $2.6 million before being caught. There’s no apparent connection to a similar case from four months ago.

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