Victim loses $500K in gold coin scam in Clark County

Suspect vehicle 1. Photo courtesy of Clark County Sheriff’s Office
Suspect vehicle 1. Photo courtesy of Clark County Sheriff’s Office

The victim, a Clark County resident in her 70s, was contacted by someone claiming to be from the Federal Office of Inspector General

Clark County Sheriff’s Office detectives are investigating a sophisticated scam where a suspect swindled a community member of over $500,000 in gold coins. The victim, a Clark County resident in her 70s, was contacted by someone claiming to be from the Federal Office of Inspector General, notifying her of fraudulent activity associated with her social security number.

Suspect vehicle 2. Photo courtesy of Clark County Sheriff’s Office

Over several months, the scammer persuaded the victim to participate in a “federal process” to transfer financial assets to a new, secure social security number. The victim even received a phone call from someone posing as a Vancouver Police Officer, who claimed this was a legitimate investigation.

Gold coins. Photo courtesy of Clark County Sheriff’s Office
Gold coins. Photo courtesy of Clark County Sheriff’s Office

The scammer ultimately conned the victim into withdrawing most of her liquid assets, purchasing gold coins, and providing the coins to an “undercover federal agent” with the promise of having the assets re-issued to her later. 

This scam is among a trend of hoaxes used to take advantage of victims online, locally, and nationwide. If you receive a suspicious call and are uncertain, independently look up the direct phone number for the agency or company you believe you are dealing with and call them to verify the situation. Government agents will not ask for any payment in gold, gift cards, or cryptocurrency. 

This release includes a photo of some of the gold coins purchased by the victim and the suspect’s vehicle (a light-colored SUV). Anyone with information about the vehicle or case should call the Clark County Sheriff’s Office Major Crimes Unit Tip Line at 564-397-2847. Detectives want to remind the public to be suspicious of unsolicited phone calls or text messages. Check with the elderly persons in your life to ensure they know these dangers.

Information provided by the Clark County Sheriff’s Office.


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1 Comments

  1. Susan

    I’ll likely take flack for this but, in this day and age, if you fall for this type of scam then you have only yourself to blame. Yea, I know, I’m “blaming the victim”…. but, yea, it IS the victim’s fault. Who in their right mind would give $500,000.00 to anyone without rock solid documentation of the particulars? And if this person is not “in her right mind” then the family/support system should have already had this base covered with restrictions on the amount of money available to the victim. Sorry, my compassion for scam-victims is all used up.

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