France: Found-Lost Gold Ring Scam in Paris – Video

BY Beth Williams

Beware of the Lost-Found Gold Ring Scam

The “lost ring” scam is one of the oldest and most famous of the tourist scams in Paris, as well as all across Europe.   There are several versions of this scam and is dependent of the scammer.

How the Scam Works

In essence the “lost ring” or “found ring” scam, which is based on the simple act of distraction.  The scam can be targeted on anyone, but most always a traveler.  The scammer walks up next to you and quickly bends down and picks up a ring on the ground (that they placed prior to walking over it). The scammer (usually a woman) then offers to give you the ring, but asks for a small amount of money, saying that the ring is worth more than a few Euros that she wanted as a kind gesture.

In reality, the ring is worthless and made of cheap brass – but it looks like gold.

Complications of the “lost ring scam”

This scam has several variations, and depending on the scammer, can be very unique.  Some victims of this scam have reported that the scammer begins to yell if you don’t give them a finders fee. Other variations have included a few accomplices who just “happen” to be walking by and verbally support the fact that the ring is valuable and you are very lucky to have found it.

The best course of action in these cases is to simply walk away and try not to engage them in a conversation.

Videos of the Famous Paris Found Gold Ring Scam