Massachusetts police department warning public of newer scam that has already resulted in over $55 million in losses

A Massachusetts police department is warning the public on a scam that is costing people millions.

The Boston Police Department is alerting the public about a new scam that targets people—especially seniors—that involves tricking them into withdrawing cash or buying gold and silver to “protect” their savings. Scammers then send couriers to pick up the cash or precious metals in person.

Between May and December 2023, the Federal Bureau of Investigation saw a rise in these scams, with losses totaling over $55 million.

How the Scam Works:

1. Fake Alerts About Your Accounts:
   Scammers pretend to be tech support agents or government officials and warn you that your bank accounts have been hacked. To “keep your money safe,” they instruct you to either withdraw cash or buy gold, silver, or other precious metals. Some scammers may even direct you to a dealer and have the metals shipped to your home.
2. Couriers Collect the Cash or Metals:
   Once you’ve withdrawn cash or received precious metals, the scammers send a courier to pick them up, often at your home or a public place. They may even provide a code to confirm the transaction, saying they’ll “secure” your funds in a protected account. In reality, they vanish with your money, and victims typically don’t hear from them again.
3. Tips to Protect Yourself:
   -The US Government and legitimate companies will never ask you to buy gold or precious metals.
   -Don’t share your home address or meet with strangers to hand over cash or metals.
   -Avoid clicking on unsolicited pop-ups, links in texts, or email attachments from unknown senders.
   -Don’t call phone numbers that appear in unexpected pop-ups, texts, or emails.
   -Don’t install software or allow access to your computer when asked by unknown individuals.
   

If you or someone you know has been victimized by this type of crime, please report the incident to your local police department. If you see criminal activity taking place, or are in need of police assistance, always call 9-1-1.