$100M taken in raid at jewelry stores in 'cold-blooded' money-laundering scheme targeting elderly

Officials say nearly $100 million in gold was seized in a multi-state investigation into an alleged scam targeting seniors and disabled adults. -What officials said was seized: Investigators said they seized close to $100 million in gold items across three businesses. -Where warrants were executed: Malani Jewelers (Decatur, Georgia and Richardson, Texas) and Orlando Gold Refinery (Altamonte Springs, Florida), officials said. -How investigators allege the scam worked: Victims were allegedly convinced to convert savings into gold and hand it to couriers; investigators allege the gold was then melted down and laundered out of the country. -What’s still unknown / developing: Officials said the investigation is ongoing and warrants tied to the Decatur location had not been executed as of Thursday night. Reported by: Angelina Salcedo, 11Alive (WXIA). According to: Collin County Sheriff Jim Skinner and investigators. If you think you’re connected to this investigation: [email protected] Watch LIVE anytime: https://tv.11alive.com/ Read the full report: https://www.11alive.com/article/news/... #DecaturGA #MalaniJewelers #ScamAlert #Seniors