SEC secures final judgments in case targeting startup company investment scam

The United States Securities and Exchange Commission (SEC) announced today that it obtained final judgments against a former Boston, Massachusetts resident and his company, whom the SEC previously charged with defrauding investors by promising them high returns on investments in startup companies, while in reality using large sums of investor money to pay earlier investors and to buy a boat.

According to the SEC’s complaint, Tanmaya Kabra told investors they could make double-digit returns with no risk by providing Kabra with short-term infusions of cash to be invested in one or more startup companies in which his company, LaunchByte, purportedly had an ownership interest. The complaint alleged that, upon receiving investor funds, Kabra diverted them almost immediately to his own use, including to pay for a boat Kabra had agreed to purchase, and, in other instances, to pay back earlier investors in Ponzi-like distributions.

The SEC alleged that Kabra repeatedly lied to investors to keep them from discovering his fraud. On August 6, 2019, the court entered a temporary restraining order and asset freeze against the defendants.

Kabra and LaunchByte.io consented to the entry of final judgments that enjoin them from violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment also orders Kabra to pay disgorgement and prejudgment interest of $567,793, which was deemed satisfied based on the order of restitution entered against Kabra in a parallel criminal case.

In the parallel criminal action, the U.S. Attorney’s Office for the District of Massachusetts filed criminal charges against Kabra. Kabra pleaded guilty to four wire fraud charges and, on September 15, 2021, he was sentenced to 21 months in prison and one year of supervised release. Kabra was also ordered to pay restitution in the amount of $1,842,106 and a $15,000 fine.

Posted on

699 Replies to “SEC secures final judgments in case targeting startup company investment scam”

  22. viagra and cialis online com 20 E2 AD 90 20Viagra 20Brez 20Recepta 20V 20Lekarni 20 20Viagra 20Capsule 20Khane 20Se 20Kya 20Hota 20Hai viagra capsule khane se kya hota hai With the captains and players encouraging sportsmanship, things have been less over the top since the American comeback at the Country Club in Brookline, Mass

  33. In addition, breast feeding has been shown to make changes in breast tissue that can reduce incidence of breast cancer clomid dosing pct remeron minoxidil 5 pret Due to his friendship with Prokhorov, many speculated that the two comrades had made a pact that would involve Kirilenko getting compensated in other ways for the huge amount of salary he left behind in Minnesota

  44. Transformation was performed with cells that were made competent by addition of the competence stimulating peptide CSP- 1 using a previously published protocol Synefiaridou and Veening, 2021 accutane pros and cons

  45. Users of this steroid may also experience a speedier recovery from their workouts as a result, allowing them to spend less time resting and more time working toward their fitness objectives buy cheap finasteride

  69. click ny medicin mot diabetes typ 2 sertralin krka 50 mg typ 2 diabetes symptom oxascand 5 mg Köpa Lasix online roaccutan graviditet olagliga bantningspiller finnar innan mens det är hormonellt Beställa Amoxil på nätet doxycycline ear infection

  70. Sedation before a procedure nolvadex side effects PARIS, France Although the role of chemotherapy in the management of osteosarcoma was once controversial, a plethora of clinical studies now leave no doubt that chemotherapy dramatically brightens the outlook for patients with this disease

  83. Get warning information here. Read information now.
    ivermectin 6
    drug information and news for professionals and consumers. Actual trends of drug.

  86. safe and effective drugs are available. п»їMedicament prescribing information.
    https://stromectolst.com/# ivermectin 3mg tablets
    Everything information about medication. earch our drug database.

  87. Some are medicines that help people when doctors prescribe. Actual trends of drug.
    stromectol online
    All trends of medicament. All trends of medicament.

  91. Definitive journal of drugs and therapeutics. Some are medicines that help people when doctors prescribe.
    https://levaquin.science/# can you buy generic levaquin without prescription
    Best and news about drug. Read now.

  93. All trends of medicament. drug information and news for professionals and consumers.
    rx lisinopril
    Comprehensive side effect and adverse reaction information. Definitive journal of drugs and therapeutics.

  99. Everything what you want to know about pills. Commonly Used Drugs Charts.
    https://levaquin.science/# how to buy cheap levaquin without insurance
    Read information now. Get warning information here.

  101. Medscape Drugs & Diseases. Definitive journal of drugs and therapeutics.
    https://mobic.store/# buy cheap mobic for sale
    safe and effective drugs are available. Top 100 Searched Drugs.

  107. Some are medicines that help people when doctors prescribe. What side effects can this medication cause?
    https://clomiphenes.online order clomid without dr prescription
    Cautions. Read information now.

  114. Definitive journal of drugs and therapeutics. Commonly Used Drugs Charts.
    zithromax tablets
    Get warning information here. safe and effective drugs are available.

  121. Endosalpingiosis, first described by Sampson, refers to the presence of tubal epithelium outside the fallopian tubes, most commonly involving the peritoneal surface of the uterus, fallopian tubes, ovaries, or cul de sac buy cialis online in usa Fermented soybean foods A review of their functional components, mechanism of action and factors influencing their health benefits

  122. Generic Name. Comprehensive side effect and adverse reaction information.
    ed pills online
    Definitive journal of drugs and therapeutics. safe and effective drugs are available.

  124. п»їMedicament prescribing information. Everything information about medication.
    new ed drugs
    Read now. Get information now.

  130. Despite advances in medicine and drug development, advanced breast cancer ABC remains incurable and represents an unmet medical need priligy equivalent They have already made a plan Herbs Diabetes Type 2 blood sugar mmol l to mg dl calculator for this

  137. All trends of medicament. Definitive journal of drugs and therapeutics.
    non prescription ed drugs
    Prescription Drug Information, Interactions & Side. Learn about the side effects, dosages, and interactions.

  141. Some are medicines that help people when doctors prescribe. Everything about medicine.
    https://canadianfast.online/# prescription drugs online without
    Definitive journal of drugs and therapeutics. Comprehensive side effect and adverse reaction information.

  145. What side effects can this medication cause? Learn about the side effects, dosages, and interactions.
    canadian pharmacy cialis
    Get information now. What side effects can this medication cause?

  157. Prescription Drug Information, Interactions & Side. Everything information about medication.
    cheap tadalafil 5mg
    Drugs information sheet. Comprehensive side effect and adverse reaction information.

  161. Read information now. Some are medicines that help people when doctors prescribe.
    tadalafil mexico
    Prescription Drug Information, Interactions & Side. Commonly Used Drugs Charts.

  162. 029 75, possibly because the APOBEC mutational signature of these tumors makes them more immunogenic purchasing cialis online The remainder of this chapter will address specific concerns of the most common causes of the pubertal abnormalities identified in the two series described above

  164. Prescription Drug Information, Interactions & Side. Everything about medicine.
    generic cialis quick shipping
    Learn about the side effects, dosages, and interactions. Everything what you want to know about pills.

  170. Definitive journal of drugs and therapeutics. Everything what you want to know about pills.
    https://amoxila.store/ amoxicillin pharmacy price
    Drugs information sheet. earch our drug database.

  171. Comprehensive side effect and adverse reaction information. Drugs information sheet.

    https://clomidc.fun/ can i purchase clomid tablets
    Get here. Definitive journal of drugs and therapeutics.

  180. I think the admin of this web page is actually working hard in support of his website, for the reason that here every information is quality based information.

  183. Hi there to all, for the reason that I am truly eager of reading this website’s post to be updated
    daily. It includes good material.

  184. These are in fact wonderful ideas in about blogging. You have touched some good things here.
    Any way keep up wrinting.

  185. Hello there! I could have sworn I’ve been to
    this blog before but after reading through some of the post
    I realized it’s new to me. Anyhow, I’m definitely delighted I found it and I’ll be
    bookmarking and checking back often!

  186. Hello! Do you use Twitter? I’d like to follow you
    if that would be okay. I’m definitely enjoying your blog and look
    forward to new updates.

  187. You could definitely see your skills in the work you write.
    The sector hopes for more passionate writers like
    you who are not afraid to mention how they believe. Always follow your heart.

  246. https://overthecounter.pro/# over the counter steroid cream
    over the counter cialis [url=http://overthecounter.pro/#]antibiotics over the counter[/url] over the counter nausea medicine for pregnancy

  249. https://overthecounter.pro/# over the counter nausea medicine for pregnancy
    over the counter health and wellness products [url=http://overthecounter.pro/#]is viagra over the counter[/url] over the counter urinary tract infection meds

  260. ed pills that work [url=https://edpills.pro/#]ed pills for sale[/url] ed meds online without doctor prescription

  262. canada drugs online reviews [url=https://pillswithoutprescription.pro/#]online canadian discount pharmacy[/url] best canadian pharmacy cialis

  370. Hello to all, the contents existing at this web site are in fact amazing for people experience, well,
    keep up the good work fellows.

  394. If somebody like Julia Roberts or Natalie Portman had a personal blog where they posted pictures of their vacations or something, would you still take them seriously as actors? Do you think celebrities with personal blogs are less credible and taken less seriously than those who don’t? Furthermore, would you visit their blogs to see what they are up to?.

  596. Hydroxychloroquine’s potential as a treatment for COVID-19 highlights the importance of evidence-based medicine and critical appraisal of scientific evidence in guiding clinical practice. generic plaquenil While preliminary studies may suggest promising results, it’s essential to interpret their findings cautiously and await confirmation from well-designed clinical trials before making changes to treatment protocols. By adhering to evidence-based principles, healthcare providers can ensure that patients receive the most effective and safest treatments available.

  611. The controversy surrounding stromectol’s use in COVID-19 treatment underscores the need for transparent communication and collaboration among stakeholders. buy stromectol without prescription Open dialogue between researchers, healthcare providers, regulatory agencies, and the public is essential for evaluating the evidence and making informed decisions about its use.

  681. Welcome to our site, your top source for all the latest news and coverage on the communications landscape in the United Kingdom. Whether you’re interested in broadcasting, radio, print, or online content, we provide extensive coverage that keeps you aware about the key developments and movements. From just-in reports to detailed analyses, our team of skilled journalists and industry professionals work diligently to bring you the most accurate and latest details – https://ukeventnews.uk/adding-music-to-your-instagram-posts/
    In addition to to reports, we deliver informative features and opinion columns that delve into the details of the broadcasting industry. Our reports cover a variety of topics, including regulatory shifts, media control, and the impact of new innovations. We also highlight the successes and difficulties faced by media professionals, providing a platform for voices from across the industry to be listened to and respected.
    Stay connected with the pulse of the UK media scene through our frequently updated content. Whether you’re a media professional, a student, or simply a media enthusiast, our website is designed to accommodate to your preferences and wants. Become part of our growing community of readers and make sure you’re always in the know about the dynamic and continually progressing world of media in the United Kingdom.

  682. Очистка воды играет важное значение в гарантировании безотказной работы промышленного оборудования – https://machinetechsolutions.ru/centrator-cnje-37-42-osobennosti-i-primenenie-2/. Метод предполагает кондиционирование и регулирование воды для нейтрализации ненужных элементов, таких как растворённые соли, органические соединения и микробы. Это необходимо для избежания коррозии, накипи и других проблем, которые способны понизить эффективность техники и снизить долговечность. Применение современной водоподготовки позволяет не только обеспечить надёжность и долговечность оборудования, но и снизить затраты на его обслуживание и техническое обслуживание.

    Текущие системы водоподготовки включают множество технологических этапов и оборудования. Среди них следует отметить механические фильтры, предназначенные для удаления значительных частиц, системы ультрафильтрации, которые качественно устраняют солевые соединения, и ультрафиолетовые системы, дезинфицирующие воду. Также не последнюю роль играют химические вещества, используемые для регулирования pH и предотвращения ржавчины. Внедрение автоматизированных систем управления даёт возможность значительно улучшить точность и эффективность процесса очистки воды, что крайне важно в условиях крупных предприятий.

    Современная водоподготовка положительно влияет на экологическое состояние, уменьшая количество выбросов загрязняющих веществ в природную среду. Внедрение современных технологий и устройств позволяет сократить потребление воды и её загрязнение, что соотносится с нормами устойчивого развития. Производственные компании, внедряющие системы водоподготовки, не только улучшают свои производственные показатели, но и демонстрируют заботу к природным ресурсам. В результате, качественная водоподготовка представляет собой конкурентное преимущество и вкладом в развитие, как для организаций, так и для общества в целом.

  684. But well, you know when one of them starts to look and feel different than the other on one fine morning – it’s time for a checkup!
    Looking for a ampicillin spectrum coverage at large discounts with great service
    This is wreckless by the APA to even empower physical doctors to dismiss patients with psychiatric codes.

  685. They usually occur in children under the age of 10.
    the best policyManufacturers make generic drugs available to prednisone sore throat because it is powerful medication
    COMMON SIGNS AND SYMPTOMS In many cases-and in almost all cases of pre-invasive cancer-there are no symptoms.

  686. Steroid medication is also commonly used to reduce inflammation around a brain tumour.
    Bookmark this site for buying lyrica and weight gain at specially reduced prices
    Although these diseases share similar clinical features, prominent and prolonged joint pains are more consistent with chikungunya, whereas haemorrhage is more common in cases of dengue virus infection.

  687. WHO advises against any restrictions to trade as there is no evidence to date to link the current cases with any Chinese products.
    See incredible savings when you valtrex dosage for cold sores in adults now from online pharmacies if you’d like incredible offers
    Albert Einstein College of Medicine, Montefiore Medical CenterThe observation that some individuals with autism show clinical improvement in response to fever suggests that symptoms may be modulated by brain systems or enzymes that become altered at high temperatures or by immune-inflammatory factors.

  688. Vincent Seton SpecialtyCarmel – St.
    Watch out for substandard product with buying flagyl dosage for bv are so much better online. Check this out
    Yomar, sometimes babies who have a milk intolerance can have a similar reaction to soy milk — I would ask your doctor about this.

  689. He was also joined by a couple of friends and Alex’s mum.
    To release tension from erection problems by doxycycline dose for adults when you can get it cheap
    However, if your previous sex was around your fertile days, you could conceive back then.

  690. But me and Hubby had sex 2 times on the 20th.
    Choose established online pharmacies when you decide to lisinopril cost without insurance generic or brand prices and discounts?
    With a hiatal hernia, the stomach bulges upward through the muscle that separates the chest from the abdomen the diaphragm.

  691. He was feeling terrible.
    Fast alcohol and keflex at competitive prices
    This audio file was created from a revision of the “Major depressive disorder” article dated 2014-10-06, and does not reflect subsequent edits to the article.

  692. Figure 4: Tumor necrosis consists of ghosts no nuclei of tumor and an abrupt transition from live to dead tumor left panel without an inflammatory response.
    price options offered by authorized pharmacies before you neurontin 300mg pills by mail or courier to your door. Great service!
    Mostly sore from me clearing my throat.

  693. The common signs of ketoacidosis are loss of appetite, vomiting, diarrhea, weakness – sometimes to the point of collapse, dehydration, and changes in respiration.
    There are many natural products when you what is cephalexin at low prices
    Women were excluded from the study if they had i known allergy to prostaglandins, ii symptoms indicating a threatened abortion, iii history of cardiac, respiratory, renal, hepatic or adrenal disease, iv history of thromboembolism, hypertension, coagulopathy and diabetes mellitus, v history or sonographic findings of uterine pathology, vi active pelvic infection, and vii prior elective abortion.

  698. During lifetime the breast can go throw different changes and not all of them are a sign of breast cancer.
    People with low incomes are likely to sildenafil 20 mg coupon remain on the shelf?
    You should ask your doctor if any of these medications would be appropriate for your situation.

  699. Molecular techniques to classify tumors, such as cDNA expression arrays may prove useful in the future but have yet to be substantiated in the clinical arena.
    Problems with erections? Contact us otc sildenafil cvs and save your money.
    With all I’d learned about hypothyroidism, I had already decided that even if my levels had nudged up a bit, I would opt out of treatment.

Leave a Reply

Your email address will not be published. Required fields are marked *