450K gold heist
logger7
Posts: 8,893 ✭✭✭✭✭
INVESTIGATING AGENCY: Waukesha County S.O
TYPE OF INCIDENT: Theft
DATE OCCURRED: 5/15/25
INCIDENT LOCATION: Wisconsin
Detectives with the Waukesha County, WI Sheriff's Department is requesting assistance in a gold bar scam investigation which resulted in the loss to a elderly victim of over $450,000 in gold.
Stolen Gold
3 x Suisse Pamp 1 kilo bars; SN’s: D303877 / D301160 / D301156
1 x Royal Canadian Mint 1 kilo bar; SN: N360131
3 x Argor-Heraeus 1 oz bars; SN: 339778 / 336482 / 107367
2 x Rand Refinery 1 oz bars; SN: RR1133639 / RR1144043
1 x Perth Mint 1 oz bar; SN: 077346
Detectives are requesting information on any person or persons attempting to sell
the above listed gold.
Any dealer with information should contact:
Ross Seitz
Detective
Waukesha County Sheriff’s Department
Detective Bureau
Phone: 262-548-7136
Cell: 262-888-9722
rseitz@waukeshacounty.gov
Comments
How was the scam done?
It's not cleat but it sounds like the bars may have been counterfeit---perhaps tungsten copies that were gold plated.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think it must be something different. Sounds more like some type of theft of legitimate bars with serial numbers to be tracked. Perhaps the scam buyer said they needed to check the bars and kept them without paying.
My US Mint Commemorative Medal Set
If that's what happened, the bars have probably already been melted down to hide their origin and recast into new bars.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Police report quoted says "stolen."
Probably scammed owner into sending bars before payment. Most dealers require bars before payment. Only deal with a reputable dealer in such a scenario. I find bullionexchanges.com very reputable when selling to a dealer.
ZeroHedge makes debut at White House press corps briefing
There's an old saying: "Don't put all of your eggs in one basket." Unless I was in a big hurry to sell everything all at once for some reason, I'd only send the buyer one 10oz gold bar ($33.000). After getting paid for that bar, I'd then send them a second 10oz gold bar. Etc.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Counter-party risk.
Knowledge is the enemy of fear
Physical PMs are exposed to counterparty risk only during the time they leave your hands and before they are in the hands of your buyer. The risk is in the shipping (or the third party storage), not in the PMs. There is no risk in secure self-storage or in face to face transactions.
ZeroHedge makes debut at White House press corps briefing
Yep... your own physical gold in your hand... has NO Counter-party risk. Once you hand it over to someone else... via mail, etc.... a different story. But I suspect RedneckHB knows that... !
No one has ever has PMs stolen or has been killed involving a PM transaction?
Knowledge is the enemy of fear
Yes...because there is no counter-party if you are the only party. And if you are the only party, then PMs are worthless.
Knowledge is the enemy of fear
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FALSE.
If there is no counter-party, then securities are worthless.
If there is no counter-party, then precious metals still have utilitarian value (electronics, antiseptics, ornamentation, etc.).
.
don't argue with him, maybe it's why he's here.
ZeroHedge makes debut at White House press corps briefing
You make that response because you know im right.
So Dcar, you are going to build electronics,and antiseptics on your own? Who you gonna sell your concoctions too? Lol. I
And ornamation? Worthless unless you can dump off your trinkets on someone else. Again, you need someone to sell it to--a counter-party. Without a counter-party, PMs are worthless.
Dang truth always gets in the way of a lie, right derryb? Why are you here?
Knowledge is the enemy of fear
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Who says I have to sell anything ? The utilitarian value of metals does not depend on selling anything.
What is the utilitarian value of entries in an electronic ledger when the internet goes down or there are no buyers ?
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Hand Goes Up...
I'll take What is conversation for $100 ALEX