HONOLULU (Island News) — United States Attorney Ken Sorenson announced today the arrest of Harsh Fojalal Shah, an Indian national, in Honolulu on July 20th. Shah was charged by criminal complaint for his alleged role in a conspiracy to commit wire fraud targeting elderly victims.
According to the complaint, Shah acted as a courier in a “gold bar purchase” fraud scheme. He exploited fear and secrecy to coerce an elderly victim into giving up her life savings. The conspirators impersonated U.S. Marshals, told the victim her identity had been compromised and directed her to liquidate her assets and purchase gold.
The elderly woman bought nine gold bars valued at more than $137,000 and was pressured into liquidating her retirement account before law enforcement intervened…