Gold Scam Circulating In Small Town Wisconsin

They say diamonds are a girl's best friend but what about gold? We all want something a little shiny now and then.

That's what scammers are hoping for, at least. A new scam has been reported in small town Wisconsin and you should definitely know about it.

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While some scams these days seem obvious, there are people more susceptible to them, like the elderly population. When scammers use urgency, like they often do, it creates panic and makes people even more likely to fall for a scam.

The scam in question that has popped up in Wisconsin isn't original but a new take on an old scam that the FBI got involved in.

A New Take On A Scam From Late 2024

You may remember in late 2024 when the FBI warned Wisconsin residents about a gold scam going around! You know it's bad when the FBI gets involved.

RELATED: New Scam Circulating In Northern Minnesota

The scam was intense because some people lost their entire life savings. Scammers reached out to them and told them they must invest in gold in order to protect their assets. We all know what happens next.

Another Gold Scam Pops Up In Platteville, Wisconsin

Now, a similar scam has popped up, with the local police department issuing a warning to residents about it on social media Tuesday (July 8th). Unfortunately, at least two people fell for the scam already.

RELATED: Minnesota Attorney General Issues Scam Warning

This scam is also targeting the elderly. Like I said, scammers like to target the elderly which is absolutely awful. It begins with an email or phone call from a scammer pretending to be a government employee.

How This New Gold Scam Works

Once a victim is targeted by a scammer and think they speaking with a government employee, the scammer creates panic by saying the victim has a warrant out for their arrest. They are then told they can pay off the warrants by buying gold.

The victim is told to withdraw a ton of money to buy the gold and to head to a local gold dealer to buy it. Then, someone goes to pick up the gold for the scammer. Obviously, they never get their money back and this is all a scam.

Obviously, you will never be asked to settle a warrant this way. The Platteville Police Department asks you to educate the elderly in your life so they don't become a victim.