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  • CBS Detroit

    Detroit-area man scammed out of $460K in fake online gold exchange

    By Sara Powers,

    27 days ago

    https://img.particlenews.com/image.php?url=37JtKD_0t08ePLN00

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    (CBS DETROIT) - A Metro Detroit man was scammed out of nearly half a million dollars in a gold exchange scam involving someone he had met online, police say.

    The victim, a Troy man, reported to police that he invested $460,000 in what he thought was a legitimate gold exchange with a woman he had met online.

    Police say that when the victim inquired about withdrawing some of his earnings, he was told he would have to pay a tax penalty before he could access the money.

    The victim allegedly became involved in the scam on Oct. 23, 2023, and it went on until Feb. 21, 2024, after a family member of the victim recognized that it was a scam.

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