The Sconi

A federal grand jury has indicted Roshan Shah, a 21-year-old Indian citizen, for conspiracy to commit money laundering. The announcement was made by Richard G. Frohling, Acting United States Attorney for the Eastern District of Wisconsin.

According to the indictment and related criminal complaint, Shah entered the United States on a visitor’s visa after being in Canada on a student visa. Authorities allege that Shah traveled to various states to collect cash and gold from individuals targeted by fraud schemes. He then transferred these assets to other members of the conspiracy.

Shah was arrested in New Berlin, Wisconsin, after attempting to collect gold from victims who had been deceived by unknown co-conspirators posing as law enforcement officers. These co-conspirators reportedly convinced the victims they were part of a large scheme and instructed them to convert their assets into gold for safekeeping in Washington, D.C. The victims had previously handed over more than $500,000 worth of gold to couriers they believed were working with federal authorities.

The investigation involved both the New Berlin Police Department and Homeland Security Investigations. Assistant United States Attorney Zachary J. Corey will prosecute the case.

Authorities emphasize that an indictment and a criminal complaint are not evidence of guilt; Shah is presumed innocent until proven guilty beyond a reasonable doubt at trial.