Cumberland police arrested a New York man this week in connection with a sophisticated fraud scheme that deceived a local resident into losing over $100,000. Zhangqi Xie, 44, was apprehended on Monday following a sting operation set up by local police with the assistance of the FBI and other law enforcement agencies.
According to Chief Charles Rumsey, the scam began when the victim was tricked into withdrawing more than $100,000, believing it was needed to exchange for gold bars. The suspect arranged for a courier to take the money for “safe keeping.” The resident grew suspicious when the courier left with the cash and contacted police.
The subsequent investigation revealed that Xie had orchestrated the scheme, though Rumsey believes he did not act alone. “These scammers are very convincing,” Rumsey explained, adding, “They can make people think they are acting in their best interest.”
This type of fraud is reportedly becoming more common along the East Coast, with many unsuspecting individuals falling victim to similar scams. Xie has been charged with felony theft by deception and is currently being held at Cumberland County Jail. Authorities have indicated that the investigation is ongoing, and more arrests may be made.
