Detectives say the scheme targeted a 75-year-old man who ultimately lost $35,000.
Police released photos of the drivers and urged residents to review them closely as they work to determine whether the individuals are legitimate rideshare workers or part of the setup.
Chief Jim Donnelly said the victim was first contacted in June by someone pretending to represent the Federal Deposit Insurance Corporation.
"He was caught off guard, taken advantage of, worried about it, didn't know what he did. It wasn't really explained to him, and he thought the worst, and the worst got him," Donnelly said.
The caller told the man there was a gag order and warned him not to discuss the situation.
"And if he mentioned anything to anybody, that he would be arrested for a certain federal violation," Donnelly said.
According to police, the victim was instructed to withdraw $25,000 from Hatboro Federal Savings and to tell bank employees the money was for home renovations if questioned.
Donnelly said the scammers kept the man on the phone while sending a rideshare vehicle to pick him up.
"An Uber, from what he identifies, and the Uber driver takes him to the bank, brings him back, and leaves," he said.
The victim was then told to package the money before another driver arrived at his home to collect it.
Weeks later, the suspect demanded $50,000.
"Rideshare picks him up," Donnelly said. "The bank questions him there, and then the bank tells him they can't give him that kind of money."
The man left with $10,000 instead, but this time a customer noticed something was wrong and alerted police.
"I think it was good they stepped in, and they heard something about it," said Hatboro resident Savannah Wible.
Another resident, Norman Astle, added, "You can't trust anybody anymore."
As investigators work to determine why the victim was targeted and who orchestrated the scheme, Donnelly urged residents to stay alert.
"You need to pay attention to what's going on.
The FDIC is a rare entity out there. If you think you're going to be investigated, call us," he said. "Call somebody who you trust that can come out and help you."
Police are asking anyone with information or home security footage to contact Warminster detectives.
Action News also reached out to the bank for comment but we have not heard back.