REIDSVILLE, N.C. (WGHP) — The owner of a Reidsville pawn shop has been arrested after police discovered counterfeit gold. Kathye’s Pawn owner Jack Graham has been charged with three counts of obtaining property by false pretense and one count of possession of counterfeit currency.
According to authorities, Graham had been buying fake gold bars from a supplier and then selling them at a markup to unsuspecting customers. This scheme was finally uncovered when a customer became suspicious and had the gold tested, only to find out it was fake.
Insight: This incident highlights the importance of being cautious when buying precious metals from unknown sources. It is always recommended to verify the authenticity of any gold or silver before making a purchase to avoid falling victim to scams like this.
REIDSVILLE, N.C. (WGHP) — The owner of a Reidsville pawn shop has been arrested after police discovered counterfeit gold. Kathye’s Pawn owner Jack Graham has been charged with three counts of obtaining property by false pretense and one count of possession of counterfeit currency.
According to authorities, Graham had been buying fake gold bars from a supplier and then selling them at a markup to unsuspecting customers. This scheme was finally uncovered when a customer became suspicious and had the gold tested, only to find out it was fake.
Insight: This incident highlights the importance of being cautious when buying precious metals from unknown sources. It is always recommended to verify the authenticity of any gold or silver before making a purchase to avoid falling victim to scams like this.
