$55M Gold Scam: Texas Jewelry Stores Busted Targeting Seniors
Irving and Frisco—Two Indian-owned jewelry stores became the focal point of a massive law enforcement operation Thursday as authorities shut down what they describe as a sophisticated gold laundering scheme that defrauded Texas seniors out of more than $55 million. The coordinated raids at Tilak Jewelers in Irving and Saima Jewelers in Frisco capped a year-long investigation by the Collin County Sheriff's Office working alongside federal, state, and local agencies.

