BC police expose suspected fake gold scam – Kelowna Capital News

A fraudster suspected of peddling fake gold jewelry found himself in handcuffs after Langley City RCMP arrested him on Wednesday afternoon, March 16.

Cpl. Holly Largy said officers were acting on a tip that someone was offering to sell gold at abnormally low prices.

Largy said it was a twist on a perennial scam game sometimes called the “Dubai gold” scam, where a scammer tells a story of financial misfortune and pretends to be so desperate that is ready to sell his gold jewelery for much less than its value. Victims usually find out that the cheap gold they bought is fake when they try to sell it.

READ ALSO: Fake Gold Scam Resurfaces In Langley And Richmond

Investigators searched a white SUV around 1 p.m. Wednesday and seized a quantity of fake gold.

Langley RCMP officers searched an SUV and seized a quality of fake gold in Langley City on Wednesday March 16th in the 20200 block of the Fraser Highway. Because the suspect was not caught in the act, he was released without charge after they agreed to leave town. (Dan Ferguson/Langley Advance Times)

In the suspect’s case, Largy said the man was “detained while the investigation was ongoing” and then released after agreeing to leave the province.

Because the suspect was not caught in the act, there was insufficient evidence to support the charges, Largy said.

READ ALSO: Lost wallet and fake gold: a scammer strikes in Langley

Largy said reporting such incidents, even failed attempts to sell fake gold, is important because it allows police to be present and investigate, and identify those involved.

In November 2021, four incidents were reported over a four-day period in Richmond and Langley.

While a number of those approached turned down the suspects, in one case a victim was allegedly defrauded of $2,500.

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