SEC Charges Virginia Engineer With Orchestrating $30 Million Offering Fraud
July 26, 2024
July 26, 2024
WASHINGTON, July 26 -- The Securities and Exchange Commission issued the following news release on July 25, 2024:
The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding more than 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC.
The SEC's complaint alleges that, from February 2019 through May 2024, Ramaraj solicited and lured his victims with the prom . . .
The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding more than 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC.
The SEC's complaint alleges that, from February 2019 through May 2024, Ramaraj solicited and lured his victims with the prom . . .