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Topics:
Man Posing as Fed Takes Delivery of $550,000 Gold
Market Analysis:
Fed Imposter Buys Gold
This story is mostly true. Except for the italics
A Brooklyn man has been charged in connection with a sophisticated fraud that defrauded an elderly Pennsylvania resident of over half a million dollars in gold bars, authorities said.
Zhong Ren, 44, was arrested and arraigned on July 10 for theft by unlawful taking, conspiracy to commit theft by deception, and impersonation of a public servant. He is being held at Lancaster County Prison on $550,000 bail. The plaintiff pledged a comex futures contract and was set free.
Before we continue… its important to note It’s unclear what’s more shocking: that a man impersonating a federal employee actually managed to buy gold, or that an American handed her savings to someone promising the government would protect it
Full analysis in Premium Post: Man Posing as Fed Takes Delivery of $550,000 Gold
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