Indian National Arrested in US for $7.5 Million Elder Fraud Scheme

An Indian national, Jay Sunilbharthi Goswami, 21, has been arrested in the US for allegedly acting as a "money mule" in a $7.5 million fraud scheme targeting elderly victims. He was detained in Canada while attempting to flee to Qatar. Goswami faces charges including wire fraud and money laundering, carrying a maximum 20-year prison sentence. He allegedly collected cash and gold from nine victims aged 59 to 87 in New York and New Jersey. He was arrested in Canada on August 20 pending extradition. The investigation began in January 2026 after the IRS learned of a fraud operation where perpetrators impersonated officials to convince victims to convert assets. Goswami allegedly deposited over $90,000 in cash into a US bank account between August 2025 and April 2026.