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Authorities sound alarm on 'gold bar scam' thats swindled millions from seniors

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Authorities sound alarm on 'gold bar scam' thats swindled millions from seniors

The FBI and authorities in Maryland are warning seniors to be on the lookout for scammers who have swindled millions of dollars from people in what’s being described as the “gold bar scam.”

The scam typically begins with pop-up ads or phone calls, where suspects pose as federal agents and instruct victims to convert their assets into gold bars for “safekeeping” by the U.S. Department of Treasury, Fox 5 DC reports. 

Seven victims have collectively lost $6.3 million in the con with investigators looking into at least another dozen more cases. The victims are aged from between 61 and 94 years of age. 

“People are losing their life savings, their homes, their trust, their security,” FBI Special Agent-in-Charge Bill DelBagno said at a press briefing on Monday.

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Montgomery County State’s Attorney John McCarthy speaking at the press briefing (Montgomery County State Attorney’s Office John McCarthy via Facebook)

“Unfortunately, it’s happening across the United States, and it’s happening here in Maryland,” he said.

The Montgomery County State’s Attorney’s Office says that four criminal cases involving five defendants are now pending in the state, but there are additional cases under investigation. Some of the money stolen came from cash pick-ups and cryptocurrency.

Among those arrested was Vipul Thakkar, 52, of Baltimore County, who was caught in a sting operation while allegedly attempting to steal more than 1 million dollars in gold bars from a 74-year-old man, according to the outlet.

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Stacks of 40 Troy ounce high fine gold bars are seen in a subcompartment of the vault inside the United States Mint in West Point, New York.  (Daniel Barry/Bloomberg via Getty Images)

The victim had made nine trips to a local gold store to convert his cash into gold. He contacted authorities after recognizing the scam from news reports.

In another case, Ravinkle Mathon was arrested for attempting to steal $200,000 from an elderly Maryland man in his early 90s. The man’s concerned friends tipped off police, preventing the theft of his life savings.

The Montgomery County State’s Attorney’s Office is advising residents to protect themselves by not answering calls from unknown numbers and avoiding clicks on pop-up ads when using their computers.

“The reality is, once you’re a victim of one of these scams, the chances of getting your money back are not high,” said Montgomery County State’s Attorney John McCarthy.

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Montgomery County Police Department vehicle on display. (Montgomery County Police Department)

McCarthy said that the investigation has links to India and China, with some of the calls targeting vulnerable people originating from call centers. 

“Once you’re a victim of one of these scams, the chances of getting your money back is not high,” McCarty said, adding that none of the money stolen thus far has been recovered. 

“Some [people] are potentially losing their homes.”

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He said he fears there are potentially more victims as some victims are afraid to come forward after being scammed. He pleaded with those victims to come forward.

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Maine

Who is raising the most money in the Maine governor’s race?

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Who is raising the most money in the Maine governor’s race?


Republican primary candidate for Maine Governor Jonathan Bush during a news conference in Welcome Center of Maine State House in Augusta on March 17.
(Joe Phelan/Staff Photographer)

Candidates vying to become Maine’s next governor have until midnight Tuesday to file campaign finance reports for the first quarter of the year.

The reports will show who is best positioned to control the message in the final month-plus until the primaries. But fundraising success doesn’t always guarantee a win at the ballot box.

The reports come as a growing number of leading candidates are taking to the airwaves a head of the June 9 primaries. Five Democrats and seven Republicans are vying to replace Gov. Janet Mills, who is term limited.

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As of Tuesday, Republican Jonathan Bush topped all candidates in broadcast, cable and digital advertising, having booked nearly $1.5 million in ads through the primary, the political spending tracker AdImpact said.

But Republican Garrett Mason is benefitting from about $3 million in spending by Restoration of America PAC, which is running ads targeting Gov. Janet Mills and tying Mason to President Donald Trump.

Other Republican candidates running ads are Bobby Charles ($63,000), Owen McCarthy ($43,660) and Ben Midgely ($55,000.)

Hannah Pingree tops the Democratic slate with about $564,000 in ad spending, followed by Nirav Shah ($493,000), Shenna Bellows ($462,700) and Angus King III ($299,000.)

As of Tuesday afternoon, fundraising totals were only trickling in. Public access to those reports was hampered because the Maine Commission on Governmental Ethics & Election Practices is building a new website, and glitches made some reports unviewable.

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This story will be updated when more reports are filed. As of Tuesday afternoon:

  • Republican Jonathan Bush reported raising about $845,000 in the first quarter, but 60% of that, $500,000, was a personal loan to his own campaign. His totals were not yet available through the new website, but his quarterly fundraising and spending was provided by ethics staff.
  • Republican Robert Wessels was the only other active candidate that had filed. He raised nearly $11,600 for the quarter and has about $13,540 in cash.

This is a developing story.



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Massachusetts

Massachusetts joins global conservation network IUCN

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Massachusetts joins global conservation network IUCN


Massachusetts and California are the first US states to become IUCN members.

BOSTON (WWLP) – The Healey-Driscoll Administration announced Massachusetts is now an official member of the International Union for Conservation of Nature (IUCN), a global network of more than 1,400 governments and organizations.

Massachusetts and California are the first U.S. states to become members of the IUCN, marking a significant step in the states’ environmental leadership. This milestone places Massachusetts within the world’s leading coalition focused on advancing the conservation of nature and addressing environmental challenges at a global scale.

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The IUCN membership strengthens Massachusetts’ commitment to biodiversity and climate action. It also builds on the state’s nation-leading Biodiversity Conservation Goals, which define a whole-of-government approach to rebuild biodiversity and invest in nature to sustain public health, well-being, food security and the economy.

“In Massachusetts, we are taking proactive steps to protect the natural resources people rely on, from clean water and open spaces to healthy wildlife,” said Governor Maura Healey. “Joining this global network puts Massachusetts at the table with leaders from around the world and gives us access to proven tools and practical solutions we can use here at home.” 

Massachusetts is home to many globally rare habitats and threatened species, including coastal shorebirds, sea turtles, whales, salamanders, and dragonflies. The state is known for its coastline, fishing communities, cranberry bogs, orchards, and mountain glens. These species and landscapes face growing pressures from climate change, such as flooding and drought.

By joining IUCN, the state will strengthen its ability to respond to these challenges. It will gain access to a global network of conservation expertise and resources. Massachusetts will also bring its own experience protecting and restoring species and their habitats to the international forum.

This partnership, led by the Department of Fish & Game for Massachusetts, will support ongoing work to protect and restore biodiversity and natural areas, build resilience and connect the state to broader international efforts.

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“As an IUCN member, Massachusetts is now part of a growing group of subnational governments who are contributing to crucial action on the ground, knowledge exchange, and progress towards achieving conservation targets of global significance,”  said IUCN Director General Dr Grethel Aguilar. 

The state’s membership in the IUCN aligns with investments proposed in Governor Healey’s Mass Ready Act. This act helps protect the state’s natural resources and prepares for extreme weather. The membership gives Massachusetts added support to better protect these resources and keep them accessible.

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