Final Judgment Entered Against Joshua Dax Cabrera in Securities Offering Fraud Case

Joshua Dax Cabrera, a resident of Massachusetts, was ordered on March 9, 2023 by the United States District Court for the District of Massachusetts, to pay approximately $1,126,000 as disgorgement, interest and penalties. This judgment was a result from a securities fraud case filed by SEC in August of 2021.

Cabrera, along with his co-defendant Paul Hess (according to the SEC complaint), engaged in fraudulent activity between 2015 and 2020. The SEC claims that they raised more than $12.9 million in unregistered Medsis International, Inc. securities from 150 investors in the United States as well as abroad. Cabrera Hess also made false statements to investors about Medsis. These included the value of contracts and revenue. They also allegedly used investor funds to benefit themselves.

Cabrera agreed to an agreement without admitting or disputing the allegations. This final judgment permanently bars him from violating antifraud laws and registration requirements for securities offerings. He is also banned from participating in transactions related to his own accounts, such as the issuance, purchase or sale of securities. Cabrera was also ordered to pay $536.895, $52,816, prejudgment interests, and a $536.895 civil penalty.

Paul Hess (Cabriera’s codefendant) reached a separate agreement and a final judgement on December 19, 2020. Hess agreed that he would pay disgorgement of approximately $840,000, plus prejudgment interests and penalties. Hess is prohibited from violating securities laws in the future and from selling or offering securities to anyone else.

The SEC is still investigating Medsis. Peter Bryan Moores Marc Jones and Kevin Currid are handling the matter at the Boston Regional Office.

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Securities and Exchange Commission is the regulatory agency that enforces and oversees securities laws in the United States. Its main objective is to protect and promote investors, ensure fair and efficient markets and encourage capital formation.

The SEC’s responsibility is to ensure that companies give accurate and timely information, and prevent fraud and manipulation on the securities market. It regulates activities of different market participants such as securities exchanges. brokers, investment advisors, and mutual fund.

It also plays an important role in the enforcement of securities laws, by investigating and prosecuting any violations. It can bring civil suits against individuals or companies who engage in deceptive or fraudulent practices, insider dealing, or any other violation of securities laws.

The SEC has also set rules and regulations for the financial markets to encourage transparency and disclosure. The SEC reviews and approves securities registration statements, monitors reporting requirements and sets accounting standards.

SEC’s overall mission is to create a fair marketplace, protect investors, and promote capital formation for economic growth.

More information can be found at

SEC’s Website

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