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Two Gujaratis charged in Kenosha gold bar scam case
The Kenosha County District Attorney's Office has charged accused Jagdishkumar Nandani and Chintan Thakkar with money laundering.
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Rwittika Chakraborty - Mon, 01, Dec 2025
- 03:00 EST
- 7
Chintan Thakkar, 44, charged in the Kenosha Gold Bar Scam Case. / Facebook/Kenosha County District Attorney's Office
Two Gujarati men based in the Chicago suburbs are facing felony charges after being accused of defrauding an elderly woman in North Kenosha, Wisconsin of more than $653,000 in gold.
The Kenosha County District Attorney's Office has charged accused Jagdishkumar Nandani and Chintan Thakkar with money laundering over $100,000 and theft of movable property over $100,000. Investigators claim that evidence points to this being part of an elaborate, internationally coordinated scam.
The case, referred to as the ‘Kenosha Gold Bar Scam Case’ by authorities, started with the victim receiving repeated calls from a man pretending to be a federal agent. The caller allegedly falsely informed her that her bank accounts were hacked and linked to criminal activity.
The caller then advised the woman to convert her savings into gold. The victim handed over $332,750 worth of gold on March 1, followed by another $139,500 on March 15 at her home, under the notion that she was cooperating with federal authorities.
The victim also sold her house and converted that amount into gold, making her total loss reportedly exceed $653,000.
A press release from the Kenosha County District Attorney’s Office on Nov. 27 said that 44-year-old Thakkar, an Illinois resident, has been formally charged.
During Thakkar’s court appearance, the state requested a $500,000 cash bond, reflecting both the scale of the financial loss and the sophistication of the operation, while the court imposed a $25,000 cash bond instead.
While speaking about the case, District Attorney Xavier Solis stated,
“Criminals who prey on our seniors and strip them of their hard-earned life savings will be held accountable. These schemes inflict devastating financial and emotional harm. Our office remains committed to protecting vulnerable residents and pursuing justice in cases like this."
He thanked the law enforcement saying: "Thank you to the great work of law enforcement and ADA Ismael ElHassan for his diligent efforts in bringing formal charges.”
Thakkar posted the bond in cash and is currently out of custody while the case proceeds, and his co-defendant remains at large, while authorities pursue the case to identify all individuals involved.
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