Collinsville Man Faces New Charges In Alleged Scam Targeting Elderly

New charges were filed Wednesday in Wagoner County against a man prosecutors say scammed elderly couples out of their savings.

03/28/2012 Related Story: Former Collinsville Insurance Agent Arrested In Florida For Fraud

Marshall Virden, 54, is already charged with exploiting the elderly in Wagoner County. Now, a Ponca City couple has come forward saying Marshall Virden conned them too.

"Worked with seniors to get them to turn in, exchange life insurance products, annuity products in exchange for precious metals gold, silver etcetera," said John Doak, Oklahoma Insurance Commissioner.

Prosecutors say Virden also held special investment seminars to find victims. But, prosecutors say instead of buying the precious metals, Virden kept the money for himself.

If you think you may have been of victim, call the Oklahoma Insurance Department's Anti-Fraud Unit at 405-521-6614.