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Oregon Teens Make 50,000 Selling Fake Gold Bars On Craigslist

Kitco News

Two 17-year-old boys were arrested in Bend, Oregon, for selling fake gold bars to customers on Craigslist, according to police.

Oregon Teens Make 50,000 Selling Fake Gold Bars on Craigslist The teen boys bought knockoffs of Perth Mint and Royal Canadian Mint gold bars online and then re-sold them as real ones.

The pair managed to earn a total of $50,000 in eight months.

“The juveniles were sophisticated and used multiple ways to conceal their identity and scheme,” local media quoted Bend police Lt. Clint Burleigh as saying.

The two are being charged with aggravated theft by deception and conspiracy, and felony computer crime, police stated. And only one of the suspects is being charged with money laundering.

Authorities said they were able to identify only four victims so far and asked others who bought Royal Canadian Mint or Perth Mint gold bars online from an unknown person in Oregon between last July and March 21 to contact Bend police at 541-693-6911.

Officers also issued a warning, cautioning citizens to only buy precious metals and gems from “reputable dealers in the area.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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