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NY man accused of using ‘gold bar scam’ to steal $555,892 from Pennsylvania resident

EPHRATA, LANCASTER COUNTY, PENNSYLVANIA, JUL 14 – Zhong Ren, 44, faces theft and conspiracy charges for impersonating federal agents to steal $555,892 in gold bars from an elderly Pennsylvania resident, police said.

  • Zhong Ren, a 44-year-old Brooklyn man, was arrested on July 11, 2025, for allegedly stealing $555,892 worth of gold bars in Ephrata, Pennsylvania.
  • The theft followed a scam starting in March where Ren and others convinced an elderly woman to liquidate her savings into gold bars under false pretenses.
  • The victim turned over gold bars on two occasions in April to people who presented themselves as government agents, believing the gold would be securely stored in a Federal Reserve vault.
  • Ren faces felony charges including theft by unlawful taking, criminal conspiracy, and impersonating a public servant, with bail set at $550,000 and a preliminary hearing on July 18.
  • Authorities suspect Ren may belong to an international criminal organization and continue the investigation as the stolen funds remain unrecovered.
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WNTZ FOX 48 broke the news in on Monday, July 14, 2025.
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