Agents with the Florida Department of Law Enforcement and Hamilton County Sheriff J. Harrell Reid announce the arrest of Karamchand “Raj” Doobay, 40, of Jasper, Florida for organized scheme to defraud over $50,000.
FDLE agents began investigating Doobay in 2014 at the request of the Hamilton County Sheriff’s Office after they received an allegation that Doobay was using his corporations, Florida Gateway Resort and Florida Gateway Golf and Country Club to complete fraudulent land transactions. Doobay sold lots not zoned for a subdivision and resold the same lots to multiple victims. He also failed to give victims deeds, titles or other legal transfer of ownership documents.
During the investigation detectives found that Doobay, illegally sold lots to at least 29 victims netting approximately $2 million. In addition, the investigation shows Doobay sold the same lots to multiple victims.
Investigators believe there could be additional victims. Anyone with information regarding Doobay, Florida Gateway Resort or Florida Gateway Golf and Country Club should contact FDLE’s Live Oak Field Office at (800) 226-5630 or the Hamilton County Sheriff’s Office at (386) 792-1001.
“I want to praise the efforts of Hamilton County Sheriff’s Office Sgt. Ken Blanton and FDLE Agent Larry Perez for their hard work in this ongoing criminal investigation,” said Hamilton County Sheriff J. Harrell Reid.
Doobay turned himself in at the Lake County Jail today and has a $1 million bond. The case will be prosecuted by the State Attorney’s Office, 3rd Judicial Circuit.
Subscribe for News
Join Professionals on EB5Projects.com →
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.