Yet another Oregonian has fallen victim to the ‘gold bar scam,’ losing tens of thousands of dollars after being conned into believing that her bank accounts were compromised and that her money would only be safe if converted into gold.

This is the latest ‘gold bar scam’ that has stripped elderly citizens of their life savings.

A few weeks ago, a victim lost $600,000 in an almost identical scam in Eastern Oregon. Meanwhile, the Oregon Department of Justice (ODOJ) reports that another Oregonian lost $60,000 in a silver bar scam.

These are just three of countless cases under investigation nationwide.

Modus Operandi of the Scammers

The ODOJ states that scammers impersonate government agencies or financial institutions when contacting victims.

They create a sense of fear and urgency when

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