A 79-year-old Michigan woman was targeted by a scammer who convinced her to exchange her life savings for gold coins, but the scammer ended up with a package of chocolate coins instead.
The scammer, Yug B. Chauhan, 20, from India, was caught by an undercover officer who handed him the chocolate coins after he arrived at the agreed meeting spot.
Chauhan faces charges of false pretenses exceeding $100,000 and using a computer to facilitate a crime, both of which are felonies.
The woman received a refund of $700,000 to her bank account, and the FBI and FTC have issued warnings about scammers targeting elderly individuals to convert their assets into cash and exchange it for untraceable precious metals.
