Litigation: 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 litigation release (No. 1:24-cv-01282; E.D. Va. filed July 25, 2024) involving Babu Ramaraj:
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The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding over 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC.
The SEC's complaint alleges that, from February 2019 . . .
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The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding over 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC.
The SEC's complaint alleges that, from February 2019 . . .