Arrest after two elderly people lost £450k to gold bullion scam | Craven Herald

Arrest after two elderly people lost £450k to gold bullion scam | Craven Herald

This summer police received reports of victims who had been targeted by courier fraud scam where criminals call an individual claiming to be from the police and informs them their accounts have been compromised.

The individual is usually advised to go to the bank and withdraw all their money in cash which will then be picked up by a ‘police courier’ for safekeeping. In a twist to this crime, two victims were told to purchase gold bullion with money from their bank accounts and then the gold was collected by the ‘couriers’ to be kept safe.

North Yorkshire Police continued to investigate this fraud which had led to two elderly victims spending over £450,000 in gold bullion and losing their entire life savings. Officers from the Economic Crime Unit worked with the gold dealers where the bullion had been purchased to raise awareness of this crime and put other dealers on notice to watch out for suspicious gold sales.

On Tuesday this week, November 9, officers quite literally ‘struck gold’ when they were alerted that a man had tried to sell one of the gold bullion bars in a London pawnbroker. Working with City of London Police, two North Yorkshire Police officers travelled to London to arrest the 26 year-old man who has been charged with Fraud and Money Laundering offences and will appear in court in due course.

He was remanded in custody and appeared in Westminster Magistrates Court yesterday, November 11.

Head of the North Yorkshire Police Economic Crime Unit, Detective Inspector Jon Hodgeon, said: “This was a horrible crime, which had a devastating effect on two completely innocent victims. They were contacted by fraudsters and groomed over a period of months, their trust and good nature was callously exploited, resulting in them sending their entire life savings to people they believed to be police officers.

“This type of crime is the highest priority for North Yorkshire Police and I hope that this arrest sends a powerful message to criminals that we will pursue you wherever you are. I would like to thank the pawnbrokers and gold dealers for alerting us to the criminal activity and giving us the opportunity to act. It is critical that everybody in the financial sector works together, to share intelligence and this is a great example of what results such partnership working can deliver.

“I would also like to thank my officers for the hard work and long hours they have put into investigating this crime and bringing the offender to justice.

“I hope it sends a very clear message to all the fraudsters out there that we will not stop in our quest to track you down and we will do everything in our power to put a stop to the scams which claim so many victims every year.”

This content was originally published here.


0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply


2021 (P) 1 oz Silver American Eagle Coins MS70 l JM Bullion™

The Silver American Eagles issued in 2021 came in more than just several different versions, it came with more than one…

Read more
2021 1 oz Australian Rectangular Gold Dragon Coin l JM Bullion™

The majority of orders ship out within two to four (2-4) business day of cleared payment. From there, delivery time…

Read more
$1 Start.. Jewelry, Ruby, Hermes, Bullion - 11-23-2021 - Page 1 of 0 - US Jewelry Liquidation & Auction Services - Online Auctions

US Jewelry Liquidation & Auction Services - $1 Start.. Jewelry, Ruby, Hermes, Bullion - 11-23-2021 - Commerce,…

Read more

Share Great Content for Our Resource Section

About is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at:

50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!