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Virginia Ponzi Schemer Who Bilked Investors Out Of $15M Learns His Fate: Feds
A Loudoun County man who bilked investors from up and down the East Coast out of millions of dollars will spend years behind bars.
Aldie resident Babu Ramaraj, 47, who owned DAB Inspection and Consulting Services, a small home contractor with modest revenues doing patio and deck projects, was sentenced to more than seven years in prison for causing upwards of $15 million in losses, federal authorities announced.
His victims were primarily in Virginia, Maryland, North Carolina, New Jersey, and Missouri.
According to court documents, Ramaraj claimed to investors and potential …
'Helene Unravels:' Rainy Days Ahead For Some Eastern States After Hurricane
With rescue efforts from Hurricane Helene underway in southern states, showers are expected in northeastern states early this week, forecasters are saying.
The storm made landfall as a Category 4 hurricane last Thursday and left hundreds stranded by flooding and at least 95 people dead in Virginia, Florida, South Carolina, Georgia, North Carolina, and Tennessee, multiple news outlets report.
According to AccuWeather, Helene is expected to "unravel" over some mid-Atlantic and Northeastern states, bringing localized downpours, showers, and clouds through the end of the month.
"Moist air…
