July 26, 2024/US SEC On July 25, 2024, the Securities and Exchange Commission charged 68-year-old Roosevelt Tobias Bailey, of Buford, Georgia, and his company, Borg Investment Bank & Capital Trust, with conducting a fraudulent prime bank and gold and diamond investment scheme. The SEC also charged Alvin C. Jones, Esq. […]
Frauds & Scandals
SEC Awards Whistleblower More Than $37 Million
July 26, 2026/US SEC The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower whose information and assistance led to a successful SEC enforcement action. The whistleblower persisted in reporting the misconduct internally, which led the employer to conduct its own investigation and […]
SEC Charges Virginia Engineer with Orchestrating $30 Million Offering Fraud
July 25, 2024/US SEC 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 through May 2024, Ramaraj solicited and […]
