NYPD investigates gold bar scam that has stolen more than $100 million from retirees.

The New York Police Department is investigating a gold bar scam that has allegedly defrauded retirees of over $100 million, according to ABC News. The scam involves victims receiving a pop-up on their computer warning about compromised devices or financial accounts, followed by a phone call from someone claiming to be tech support.

The scammers then gain access to the victim's computer, potentially seeing files, online accounts, and personal information. They then contact the victim, claiming their money is in danger and instructing them to move savings to gold or precious metals for protection. The scammers may provide a passcode or authentication method for the gold courier to collect the valuables.

This scam is not limited to New York and has been reported to the FBI, which has received 525 complaints involving gold and precious-metal courier schemes, with reported losses totaling $219 million nationwide. Authorities warn against giving remote access to computers, providing personal information to unknown callers, and withdrawing money from bank or retirement accounts under pressure.

If a victim believes they have been scammed, they should contact their financial institution, preserve records, and report the fraud to the FBI's Internet Crime Complaint Center.