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Prosecutors Bust Migrants in $250 Million Gold Theft Ring Targeting U.S. Seniors

Authorities in Tarrant County, Texas, announced the arrest of the ringleader of a gang as he was trying to flee to Saudi Arabia amid an investigation into a $250 million theft ring that targeted American senior citizens.

Muzamil Ahmed was arrested at JFK International Airport as he was preparing to board a flight to the Middle Eastern nation after being indicted in Tarrant County on August 28.

Officers arrested Ahmed on several Tarrant County warrants for engaging in organized crime for theft, financial abuse of the elderly, and money laundering, according to CBS News.

“Investigators believe Muzamil Ahmed is a central figure in this operation. He used shell corporations to launder stolen money to funnel proceeds to a gold refinery, converted gold and cash to cryptocurrencies, and moved the money out of the country,” said Tarrant County District Attorney Phil Sorrels.

Sorrels added that instead of flying to Saudi Arabia, Ahmed “caught a flight to Tarrant County and landed in our jail.”

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