Arlington, [Texas], The Numismatic Crime Information Center was recently contacted to assist in an on-going investigation involving the Delaware County Sheriff’s Office Criminal Investigative Division (CID), and MidAmerica Coins which resulted in the arrest of suspects connected to a gold scam targeting an elderly veteran.
The Sheriff’s Office learned that the veteran was solicited and later extorted by a man posing as a government official. The suspects falsely claimed to be federal agents and coerced the victim into liquidating his bank account to purchase approximately $63,000 in gold. One suspect later picked up the gold in person and attempted to extort the victim for an additional $200,000 to $500,000.
In response, CID investigators launched a two-day undercover operation to intercept the suspects. With assistance from MidAmerica Coins in Grove, investigators were able to deceive the perpetrators by continuing communication while preparing for an arrest.
On August 27,2025, an individual arrived at the victim’s residence to retrieve a package and was taken into custody by the Delaware County Sheriff’s Office. A subsequent search of the suspect’s vehicle resulted in the recovery of $90,000 in gold, including the bars previously taken from the victim.
Pending charges against the suspects include:
- Conspiracy
- Extortion and attempted extortion
- Robbery in the second degree
- Forgery in the first and second degree
- Grand larceny
- False impersonation
- Felony false pretense
- Using a communication facility to facilitate a felony
The investigation remains ongoing, and authorities anticipate additional charges and arrests as evidence develops.
“This case demonstrates the importance of collaboration between local and federal law enforcement, NCIC, and industry experts in protecting vulnerable victims and dismantling organized fraud operations,” said Doug Davis, Founder and President of the Numismatic Crime Information Center. “By working together, we can help ensure that these criminals are brought to justice and that others are protected from similar schemes.”
NCIC reminds the public to remain vigilant against scams involving gold, rare coins, or precious metals. Victims are urged never to comply with demands from individuals claiming to be government officials requesting asset transfers or purchases. Anyone targeted in such a scheme should immediately contact local law enforcement and report the crime to NCIC.
About the Numismatic Crime Information Center
The Numismatic Crime Information Center (NCIC) is a 501(c)(3) non-profit organization dedicated to assisting law enforcement and victims in the investigation and prosecution of crimes involving rare coins, paper money, and precious metals. NCIC provides specialized resources, training, and investigative support to agencies nationwide.
