Overview
- The Collin County Sheriff’s Office says additional reports added about $2.1 million in losses since Thursday, with roughly $7.28 million tied to county victims and about $55 million statewide.
- Investigators seized more than $30 million in gold and silver from Tilak Jewelers in Irving and Saima Jewelers in Frisco, which remain closed as crime scenes.
- The Frisco location is under a fire‑marshal stop‑work order after investigators found an unpermitted, illegal gold‑melting setup during the raid.
- Officials say callers posed as federal agents to coerce seniors into buying gold bars and handing them to couriers, who then took the metal to the stores to be smelted into jewelry.
- At least five people have been arrested in the case, with three—including the two store owners—currently jailed on organized‑crime and elder‑abuse charges; more than $400,000 has been returned to victims and further restitution is expected after asset liquidation.