Two SETX men arrested, accused of bilking elderly in precious coin scams

BEAUMONT - Two Southeast Texas men with warrants from three different states are in the Jefferson County Jail after investigators say they stole hundreds of thousands of dollars from mostly elderly victim through scams.

Christopher Wayne Roberts was arrested on May 9. 

Donald Scott Rainey was checked into the Jefferson County Jail Friday morning. 

A deputy said that both men are accused of bilking mostly elderly people by scamming them out of precious coins. 

Some of the victims had invested their life savings in the coins for years and called on the men to cash them out.  According to investigators, the victims turned over their coins for sale, but never saw a penny.

According to the sheriff's office, multiple charges have been filed on the men out of New York California and Colorado.

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Two SETX men arrested, accused of bilking elderly in precious coin scams