FAIRFIELD, CT — The Fairfield Police Department has arrested two people in separate investigations involving financial scams that targeted elderly residents and resulted in significant losses through the purchase of gold.
Le Chen, 40, of Flushing, New York, was arrested and charged with conspiracy to commit larceny in the first degree and conspiracy to commit telephone fraud in the first degree.
Chen was held on a $175,000 bond and appeared at Bridgeport Superior Court on March 3, 2026.
The charges stem from a June incident in which a Fairfield resident was directed to withdraw funds and purchase gold, which was later collected by a courier.
The Fairfield resident sustained an approximate loss of $166,000.
In a second investigation, Fangzeng Huang, 37, of Brooklyn, New York, was arrested and charged with conspiracy to commit larceny in the first degree and conspiracy to commit telephone fraud in the first degree.
Huang was held on a $650,000 bond and appeared at Bridgeport Superior Court on March 3, 2026.
The charges are related to a September incident in which another Fairfield resident was persuaded to convert assets into gold and provide it to individuals posing as couriers.
The resident suffered an approximate loss of $291,070, which included a wire transfer and the purchase of gold.
Additional arrests are pending in this investigation.
While the tactics used in these incidents were similar, each investigation involved different victims and different suspects.
Combined, the two investigations represent more than $457,000 in reported losses to Fairfield residents.
Anyone with information regarding similar incidents is encouraged to contact the Fairfield Police Detective Bureau at (203) 254-4840.
Anonymous tips may be submitted by texting the keyword FPDCT and a message to 847411, or online at fpdct.com/tips.
