Gold Bar Scam Victims Report Losses
This is a India news story, published by ABC News, that relates primarily to Yash Shah news.
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gold bar scamsABC News
•Entertainment
Entertainment
'Gold Grifters': Inside the growing scam using couriers to pick up gold bars from victims

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".
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