Investor Fraud: Man Sentenced to 7.5 Years for $15 Million Scam

Babu Ramaraj, a resident of Aldi, was sentenced today to seven years and six months in federal prison for defrauding numerous investors across multiple states, including Virginia, Maryland, North Carolina, New Jersey, and Missouri. The scheme resulted in $15 million in losses, as announced by the U.S. Attorney’s Office for the Eastern District of Virginia.

Story continues

TRENDING NOW