Federal prosecutors in New York have unsealed indictments against two foreign nationals accused of running a scam that exploited patriotic Trump supporters, many of them elderly, by selling them worthless fake currency under the name “Trump Bucks.”

The Department of Justice states the products had absolutely no connection to President Donald Trump, his campaign, the Trump Organization, or his administration. The two defendants, both citizens and residents of North Macedonia, remain at large.

The Southern District of New York posted an official scam alert on Tuesday, warning Americans not to fall for the scheme.

U.S. Attorney Jay Clayton stated: “Foreign scammers are using the Trump name to defraud Americans.” The announcement made clear that the alleged fraud specifically targeted senior citizens due to their support for the President.

According to the Justice Department, two separate indictments were unsealed charging Goran Spiridonov and Kristina Janeva with crimes tied to the alleged fraudulent sale of fake Trump Bucks products to victims across the United States. Both defendants are citizens and residents of North Macedonia and remain at large. Prosecutors described Trump Bucks as a fake form of legal tender and said the defendants allegedly marketed the products under false claims that they were connected to President Trump, his reelection campaign, the Trump Organization, or other Trump-linked causes.

The DOJ confirmed the products had no connection to President Trump, the campaign, or the Trump Organization, and warned that many senior citizens were targeted because of their support for the President. The announcement also noted that the conduct may be ongoing and urged people not to provide funds or financial information to any entity connected to Trump Bucks.

Prosecutors stated that Spiridonov, Janeva, and others sold a catalog of fake items designed to look like official Trump-branded financial instruments. The product names included Golden Checks, Golden Badges, Trump Dollars, Trump Checks, Golden Trump Checks, Diamond Bucks, and Membership Booklets, many marketed under the “Trump Rebate Banking System” or “TRB” banner.

Alleged promoters told buyers that the items were preloaded with tens or even hundreds of thousands of dollars in value and could be redeemed at banks during a Trump presidency. They also claimed that purchases would help fund President Trump’s reelection campaign and other Trump-related causes.

The Justice Department stated every claim was false.

The alleged scheme operated from at least 2023 through the present, using an online marketplace and encrypted messaging apps including Telegram to sell Trump Bucks products. Prosecutors said the defendants falsely claimed some items were preloaded with tens or hundreds of thousands of dollars and could be redeemed during a Trump presidency.

Federal prosecutors also alleged that Spiridonov, Janeva, and others collected hundreds of thousands of dollars from victims across the country, many seniors. Each defendant faces charges of conspiracy to commit wire fraud, wire fraud, and aggravated identity theft. The fraud counts carry up to 20 years in prison, and aggravated identity theft carries a mandatory consecutive two-year sentence upon conviction.

If you know someone, especially an older family member or friend, who may have purchased anything marketed as “Trump Bucks,” “Trump Dollars,” “Golden Trump Checks,” “Diamond Bucks,” or anything under the “TRB” banner, please talk to them. These products are worthless. They are not legal tender and have no connection whatsoever to President Trump, his family, his campaign, or the Trump Organization.

Do not send money or personal financial information to anyone claiming to sell these items. If you believe you or a loved one has been victimized, contact your local FBI field office.