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Chocolate Coins Foil $700,000 Gold Scam Targeting Elderly Woman

NRI PULSE STAFF REPORT

Grand Rapids, MI, June 11, 2026: A suspected courier in a nationwide gold-bar scam targeting senior citizens was arrested in Michigan after he unknowingly accepted a package of chocolate coins instead of nearly $700,000 worth of gold, authorities said.

The unusual sting operation unfolded after a 79-year-old woman from western Michigan was persuaded by scammers that her Social Security funds had been linked to terrorism, money laundering, and drug trafficking. According to investigators, the fraudsters convinced the woman that her savings were no longer safe and instructed her to convert approximately $700,000 into gold coins for transfer to a purported government representative.

The plan was thwarted when a vigilant coin dealer became suspicious.

Ben Soldaat, owner of Grand Rapids Coins, recognized several warning signs commonly associated with “gold bar scams” and alerted law enforcement before the transaction could be completed.

Working with the victim, investigators from the Kent County Sheriff’s Office arranged a sting operation. Instead of handing over hundreds of thousands of dollars in gold, an undercover detective posing as an elderly woman delivered a package filled with foil-wrapped chocolate gold coins.

Authorities say the suspect, Yug B. Chauhan, 20, of Elmhurst, Illinois, arrived to collect what he believed was a shipment of valuable gold coins. He accepted the package and was arrested shortly afterward.

Chauhan has been charged with obtaining money under false pretenses of $100,000 or more and using a computer to commit a crime, both felony offenses under Michigan law. He is being held on a $100,000 bond and reportedly faces an immigration detainer.

According to court records cited by local media, Chauhan told investigators he had been directed by an individual identified as “Bhawsh” and had been communicating with people in India. Authorities believe the broader fraud operation may have originated overseas.

The case highlights the growing threat of gold-bar scams, a form of fraud that has surged across the United States in recent years. Victims, often seniors, are contacted by individuals posing as government officials from agencies such as the Social Security Administration, FBI, or Treasury Department. They are falsely told their assets are tied to criminal activity and are instructed to protect their money by converting it into gold and turning it over to couriers.

In this case, however, the courier walked away with nothing more than a bag of chocolate.

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