SEC Files Complaint Against RAM Fund and Carter Bain Wealth
by Admin Istrator | November 14, 2021 2:03 am
The SEC recently filed a complaint against RAM Fund, Carter Bain Wealth and Martin Ruiz. Here is a summary of the allegations:
- Ruiz induced investors to invest $10.6 million in RAM Fund based on promises that it would be used to acquire real estate.
- RAM did not use investor funds to purchase real estate. Instead, the SEC alleges that Ruiz misappropriated the funds on his lavish personal lifestyle.
- Ponzi-like payments were made to some investors and others were provided with false valuations concerning the RAM investments.
Carter-Baine-SEC-Complaint[1]Download[2]
Did You Lose Money Investing in RAM Fund?
Endnotes:
- Carter-Baine-SEC-Complaint: https://mdf-law.com/wp-content/uploads/2021/11/Carter-Baine-SEC-Complaint.pdf
- Download: https://mdf-law.com/wp-content/uploads/2021/11/Carter-Baine-SEC-Complaint.pdf
Source URL: https://mdf-law.com/ram-fund-carter-bain/