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'Gold Grifters': Inside the growing scam using couriers to pick up gold bars from victims

ABC News
Summary
Nutrition label

61% Informative

Victims of gold bar scams reported losses of $126 million in 2024 .

As the value of gold surges, grifters have turned their sights to securing more of the precious metal.

People are stockpiling gold in record numbers, with business continuing to boom at gold stores across the country.

Watch " Gold Grifters ," an ABC News investigation, on " ABC News Live Prime " on Feb. 25, 2025 .

Yash Shah , 27 , was originally charged with multiple felonies in 2023 related to the scam.

Shah claims he was hired by someone from India and was paid between $800 and $4,000 to pick up packages.

He is currently being held without bond in a New York detention facility.

Shah said he feels guilty for playing a role in the scam and wants to help find the "masterminds".

VR Score

59

Informative language

55

Neutral language

62

Article tone

informal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links