Cops Bust India-Based Gold Scam Before Widow Loses $700K

A widow who was told her Social Security funds were being used to support terrorism nearly lost $700,000 in a gold scam, according to WOOD ABC 8.  

The fraudsters convinced her to buy gold, but a suspicious coin dealer alerted authorities before the transaction could be completed. Ben Soldaat, owner of Grand Rapids Coins, noticed several red flags. The woman seemed confused, unusually urgent, and showed little interest in the gold itself. Concerned she was being manipulated, he contacted the Kent County Sheriff’s Office.

Investigators learned the woman had been told by a caller posing as a Social Security agent that criminals were using her account for terrorism, drug trafficking, and money laundering. She was instructed to buy gold so law enforcement could supposedly track the offenders.

Working with detectives, authorities set up a sting operation. Instead of real gold, an undercover officer posing as the woman delivered a package of chocolate gold coins to the courier sent to collect it.

The report says that the courier, 20-year-old Yug Chauhan of Illinois, was arrested and charged with false pretenses over $100,000 and using a computer to commit a crime—both 20-year felonies.

Investigators believe the scam originated in India and are continuing to pursue those behind it.

Officials say gold-related scams targeting seniors are becoming increasingly common nationwide, often involving callers who impersonate government agents. They stress that family members and businesses play a critical role in spotting warning signs before victims lose their savings.

The targeted woman ultimately recovered her money and later thanked Soldaat for intervening. She hopes her experience serves as a warning to others, noting that many scam victims are not as fortunate.