SJSO Property Crimes detectives have arrested and charged Youwei Hsu (24) with Organized Scheme to Defraud, Grand Theft, and Elderly Exploitation.
On May 20, 2026, SJSO Property Crimes detectives began conducting a fraud investigation involving an elderly St. Johns County resident interacting with individuals on a communication app.
The victim provided an initial $20,000 to enter the investment scheme, and between February and May 2026, contributed an additional $75,000 in cash towards a larger outstanding payment to an individual who traveled in person to collect the money.
During this time, the victim believed their investment was growing, but instead, was furthering themselves in a scam.
In May, an individual, later identified as Taiwanese national and suspect, Youwei Hsu, traveled to the victim's home and accepted $226,000 worth of gold bars and coins as payment the victim allegedly owed.
Through investigative efforts, PCU detectives determined Hsu traveled to Miami-Dade County, where he was located by law enforcement.
Hsu is in custody at the St. Johns County Jail on $750,000 bond. The investigation is on-going.
Please contact the SJSO Property Crimes Unit with information at 904-824-8304 or email crimetips@sjso.org.