Two men accused of posing as federal agents arrested after allegedly targeting 85-year-old in $200K gold scam

Two men were arrested for allegedly posing as federal agents in an attempt to defraud an 85-year-old Washington, D.C. man of over $200,000 in gold bars. The victim was nearly scammed after being told to secure his bank funds by purchasing gold. A gold dealer’s alert to authorities led to the arrest of the suspects when they arrived to collect the gold.

• Two men, Chu Lin and Xiean Cheng, were arrested for allegedly posing as federal agents.
• They are accused of attempting to scam an 85-year-old Washington, D.C. man out of over $200,000 in gold bars.
• The scammers contacted the victim via email and phone, claiming his bank funds were in jeopardy.
• The victim was instructed to purchase gold bars and hand them over to the scammers.
• A gold dealer alerted the victim and authorities after recognizing the apparent scam.
• The suspects were arrested when they arrived at the victim’s home to collect the gold.
• Both men were charged with second-degree financial fraud.