As we have been reporting almost daily, at least one legal or fraud case involving Indians in the USA, here is another shocking fraud case reported in Virginia.
Babu Ramaraj, 46, and his wife owned DAB Inspection and Consulting Services, a small home contractor specializing in patio and deck projects.
Ramaraj allegedly sought investments by claiming his company had multi-million-dollar contracts to perform engineering inspection work for several U.S. government agencies.
He allegedly provided falsified contract award letters, invoices, financial records, and other documents to convince dozens of investors to loan DAB more than $20 million in total.
Ramaraj was arrested on a criminal complaint and ordered detained pending trial. If convicted, he faces up to 20 years in prison for each count of wire fraud and up to 10 years for each count of unlawful monetary transactions.
Despite appearing well-educated in a YouTube video published several years ago, greed has landed him in deep trouble.
