The Bait and Switch Scam

22. January 2012 by Planck's Constant


A favorite trick of gold-selling scamsters is the Bait-and-Switch. Here is how it works: a fellow brings in a bag filled with 14 karat gold-scrap worth thousands of dollars (the bait). The jewelry store employee tests the items and, upon verifying its purity, offers X thousands of dollars. The scammer takes the items tested and puts them back into the crumpled bag (the bag will hav... [Read the Rest of this Post]

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