ALTAMONTE SPRINGS, Fla. — An Altamonte Springs company is currently under scrutiny in connection with a multistate fraud investigation, as reported by sheriff’s officials.

The Collin County Sheriff’s Office in Texas announced on Wednesday that they are conducting investigations and executing searches across various businesses. This is part of an “ongoing organized fraud investigation” spotlighting the laundering and melting of gold linked to what is widely known as the “gold bar scam.”

Among the companies being investigated is the Orlando Gold Refinery, located in Altamonte Springs. Additional businesses involved are situated in Richardson, Texas, and Decatur, Georgia.

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Sheriff’s officials explained that the scam typically targets senior citizens. The victims are often contacted by individuals posing as law enforcement or regulatory officials, who then coerce them into withdrawing funds, purchasing gold, and transferring these assets to couriers under false pretenses.

Authorities suspect that some of the gold involved in this scheme is later processed, melted, or managed through associated businesses.

The Collin County Sheriff’s Office said it worked with the Seminole County Sheriff’s Office to execute the search warrant.

“These locations are connected to the financial and gold processing components under review in this investigation,” officials said.

News 6 reached out to the Seminole County Sheriff’s Office for more information.

Anyone who believes they may be connected to this investigation is asked to email CCSOScam@collincountytx.gov.