Racine County named in Homeland Security investigation involving gold bar scam
Posted: Nov 9, 2026 1:27 PM CST
iStock/Sasun Bughdaryan RACINE COUNTY, Wis. (CBS 58) -- Racine County has been named in a Homeland Security investigation involving a gold bar scam.
A total of 10 people -- from the states of Florida, California, and Pennsylvania -- have been charged with one count of conspiracy to commit fraud, and one count of conspiracy to commit money laundering.
The exact details of the case are unclear, but the U.S. Attorney's Office calls it a "gold bar scheme to defraud elderly victims."
At this time, it's unknown how many victims of the scheme are in Racine County.
A jury trial is set for the end of December.
If convicted, each defendant could face up to 40 years in prison.