Guilford Police Warn Of Gold Coin And Bar Scam

GUILFORD, CT — The Guilford Police Department said it has seen an increase in scams involving gold coins and bars, and residents are being reminded to keep themselves safe.

Police say the scam targets individuals seeking what they believe is a "safe" investment.

"Scammers often initiate contact through unsolicited phone calls, text messages, or malicious pop-ups that appear on a victim’s computer or mobile device. These pop-ups may falsely warn of a virus, compromised bank account, or identity theft," police said in a social media post.

Police noted victims are directed to call a phone number displayed on the screen, where scammers impersonate government officials or consumer protection agents.

"In some cases, victims are instructed to install software that allows the scammer remote access to their computer or device. Once access is obtained, scammers may view financial information or manipulate online banking sessions to make the victim believe that their accounts are compromised and increase urgency," police added.

Victims are then pressured to withdraw money or purchase gold coins or bars to "protect" their money, according to police.

"The gold or cash is handed over to a courier for 'safekeeping,' sometimes described as placement in a 'secured locker' or 'federal vault.' Once transferred, the money or gold is permanently lost. Many victims, under intense pressure, hand over their life savings," police said.

The GPD provided the following warning signs to keep in mind:

• Malware-style pop-ups warning of viruses or account compromise
• Requests to install remote desktop or screen-sharing software
• Urgent pressure to act immediately
• Unsolicited contact by phone, text, or online advertisements
• Impersonation of government or law enforcement officials
• Requests to purchase gold or withdraw large sums of money
• Demands for wire transfers, gift cards, cryptocurrency, or courier pickups
• Instructions to provide a password or code word to a courier or "agent"

Residents who encounter a pop-up warning or are contacted by someone claiming to be from the government should not click links, install software or provide any information.

"Close the pop-up, hang up the phone, and contact us at 203-453-8061 for assistance in determining whether you are being targeted for a scam and guidance on next steps," police said, noting the scams are "increasingly sophisticated" and that victims may delay reporting them due to embarrassment or fear.

"We want to emphasize that these scams affect people throughout the community and can happen to anyone," police said. "Early reporting plays a critical role in stopping fraudulent activity and protecting others."

Local gold dealers and vendors are also being urged to be alert for potential scam victims and to report suspicious activity immediately.

"Early law enforcement involvement can help prevent victims from losing their life savings," police said.