Securities and investment fraud is not a new occurrence but with the advent of the Internet, it has become easier to perpetrate. The schemes are still essentially the same, promising high-yield profits with little to no risk.
ICE initiated an investigation based on suspicious financial wire transfers through businesses owned and operated by the main target of this investigation, (herein referred to as "Target"), who was purported to be operating hedge funds and financial advisement firms, which catered to wealthy European citizens outside of the United States.
In August of 2004, employees of an express courier service discovered undeclared U.S. currency in two packages, shipped by Amit Mathur from Shrewsbury, MA to New Delhi, India. The information was provided to ICE’s SAC Boston and the FBI for further investigation.