Gaithersburg Man Accused In Gold Bar Scam Targeting Northern Va. Seniors

MONTGOMERY COUNTY, MD — The Loudoun County Sheriff’s Office in Virginia announced on Wednesday the arrest of a Gaithersburg man tied to a fraud scheme that instructed seniors to move their savings into fake gold bars, which were then stolen.

Junjie Wu, 29, was arrested in connection with the scheme on June 23.

The Scheme

According to a release by the LCSO, deputies opened an investigation after receiving reports that victims were being defrauded via bogus computer alerts. The LSCO said individuals were sent fake messages on their personal computers that stated their devices had been compromised and they should call “Apple Support.”

When the listed number was called, they were connected to scammers pretending to be fraud investigators who told them their investment accounts were at risk, and that their funds needed to be converted into gold bars and transferred to the Federal Reserve System.

Loudoun Now reports that the fake fraud investors would then meet the victims in person to collect the gold bars, saying they would be taken to the Federal Reserve. At least $1.7 million was stolen this way, according to a criminal affidavit cited by the outlet.

Charges Filed In 2 Counties

Wu is charged with obtaining money by false pretenses, conspiracy to commit a felony and wearing a mask in public.

He is also facing similar charges in Prince William County: obtaining money by false pretenses, conducting unlawful financial transactions and exploiting mental incapacity.

Wu remains held without bond at the Loudoun County Adult Detention Center. He has a hearing scheduled in Prince William County on July 6 and in Loudoun County on July 28.

Advice To Residents

The LCSO is issuing fraud protection advice in the wake of its investigation.

Officials are reminding residents that government agencies will never direct anyone to buy gold or cryptocurrency, that no real agency will direct funds to be moved to a safe account, that pop-up warnings about compromised devices are fake and should be ignored, and that urgency and secrecy are warning signs of a scam.

If in doubt about a transaction, speak to a trusted friend or agency.

The LCSO asks anyone with information about this alleged scam or any others to call them at (703) 777-1021. Those wishing to remain anonymous may contact Loudoun County Crime Solvers at (703) 777-1919 or submit a tip through the LCSO app.