A federal grand jury has indicted Roshan Shah, a 21-year-old Indian citizen, on charges of 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 court documents, Shah entered the United States on a visitor’s visa after previously being in Canada on a student visa. He is accused of traveling across various states to collect cash and gold from individuals who were targeted in fraud schemes. The indictment alleges that Shah then transferred these assets to other members involved in the conspiracy.
Shah was arrested in New Berlin, Wisconsin after attempting to collect gold from victims who had been convinced by unknown co-conspirators—posing as law enforcement officers—that they needed to convert their assets into gold for safekeeping in Washington, D.C. The victims reportedly handed over more than $500,000 worth of gold to couriers whom they believed were working with federal authorities.
The investigation was conducted by the New Berlin Police Department and Homeland Security Investigations. Assistant United States Attorney Zachary J. Corey will prosecute the case.
“An indictment and a criminal complaint are not evidence of guilt. The defendant is presumed innocent and is entitled to a fair trial at which the government must prove him guilty beyond a reasonable doubt,” according to information provided by the U.S. Attorney’s Office.
For additional details, contact Public Affairs Officer Steve Caballero at (414) 297-1700.
