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Raids conducted simultaneously at two jewelry stores in Irving and Frisco, part of the Dallas-Fort Worth area in Texas, mark the climax of a year-long investigation by the Collin County Sheriff’s Office into a large-scale financial fraud targeting seniors.
Law enforcement reports indicate the operation involved multiple agencies at federal, state, and local levels. The efforts focused on Tilak Jewellers in Irving and Saima Jewellers in Frisco. CBS News Texas gained exclusive access to the coordinated effort, which saw dozens of officers executing search warrants.
Authorities suspect the stores engaged in dealings involving gold obtained through deceptive schemes aimed at elderly clients. Significant amounts of gold and cash were recovered and transported in armored vehicles due to their high value.
Sheriff Jim Skinner made it clear that any attempts to scam residents would not be tolerated, emphasizing the particular vulnerability of senior citizens, many of whom delay reporting crimes out of fear or shame. Through methodical and persistent investigation, officials dismantled what they described as a structured criminal network.
The scheme victimized around 200 seniors over age 65 in Collin County, with losses exceeding $7 million locally. Across Texas, the total estimated financial damage approaches $55 million. Currently, over $400,000 has been returned to victims, with additional restitution anticipated from the sale of seized assets.
Five individuals have been arrested as a result of the operation: Pranjal Jigneshkumar Patel, Simarjeet Singh Gill, Satish Amrutlal Kumar Patel, Arpit Desai, and Radhakrishna Yerramneni. According to court records, some suspects face formal charges of elder financial exploitation and large-scale theft, while other cases are pending grand jury review under organized crime statutes.
All of the suspects are reported to be of Indian descent, though authorities have not publicly linked nationality to criminal activity. Some suspects have immigration detainers on file, indicating federal agencies are involved in monitoring the case. No federal indictments have been announced yet.
The investigation remains active, with authorities expecting further developments in the coming days, including possible additional arrests and charges. This operation is being hailed as one of the most significant actions to combat financial crimes targeting senior citizens in Collin County, representing a major success for law enforcement.
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