A 20-year-old Indian national in Florida has been arrested after attempting to collect gold worth about $495,000 from an elderly woman in Gainesville as part of a sophisticated scam, WCJB reports.Gurpinder Singh was taken into custody Sunday after deputies and the FBI conducted a sting operation to capture those involved in the scheme, according to the Alachua County Sheriff’s Office.The scam started when the woman received an email claiming there was an issue with her credit card. The message warned that his bank account and Social Security number had been “compromised” and instructed him to keep his money safe by converting it into gold bars. Believing the claims, the woman bought gold worth more than $101,000 from the Coin and Jewelery Gallery.The fraudsters then tried to convince him to hand over an additional $400,000 worth of gold. Before the transaction could take place, FBI and IRS agents became aware of the situation and contacted the woman. Police and federal agents worked with the woman to come up with a plan to capture the man who came to take the gold. The arrest report said Gurpinder Singh traveled from California to Florida in May to help carry out the fraud.Singh arrived at the Chevron petrol station at 12200 SW Archer Road to complete the handover. Instead of receiving the gold, deputies met him and he was arrested at the scene. Police say Singh was involved in a massive scheme aimed at stealing millions of dollars from the victim. He is currently being held in the Alachua County Jail without bail.