JAMES JEREMY BARBERA, Securities Fraud, Wire Fraud, Conspiracy, New York 2023

Former CEO Sentenced to 48 Months in Prison

U.S. District Judge John G. Koeltl has sentenced JAMES JEREMY BARBERA, the former founder and chief executive officer of Nanobeak Biotech, Inc., to 48 months in prison for securities fraud, wire fraud, and conspiracy offenses.

BARBERA was convicted following a one-week trial of defrauding dozens of investors out of approximately $7 million by soliciting investments through false and misleading statements. He falsely represented that Nanobeak had developed a breathalyzer sensor technology that could detect cancer and narcotics in human breath, which was never developed.

BARBERA also claimed to have undergraduate and graduate degrees in physics from New York University and a business degree from the Massachusetts Institute of Technology, which were all false. He was permanently barred from serving as the CEO of a public company as a result of a prior, unrelated proceeding brought by the U.S. Securities and Exchange Commission.

In addition to his prison sentence, BARBERA, 67, of New York, New York, was ordered to pay more than $7 million in forfeiture.

U.S. Attorney Damian Williams praised the outstanding work of the Federal Bureau of Investigation and the National Aeronautics and Space Administration’s Office of Inspector General, and he also thanked the SEC for its assistance.

Assistant U.S. Attorney Kiersten A. Fletcher is in charge of the prosecution. This case is being handled by the Office’s Securities and Commodities Fraud Task Force.

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