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Silicon Valley CEO convicted in COVID-19 and allergy take a look at fraud case sentenced to eight years in jail

SAN JOSE — A Silicon Valley govt who lied to buyers about inventing expertise that examined for allergy symptoms and COVID-19 utilizing just a few drops of blood was sentenced Wednesday to eight years in jail and ordered to pay $24 million in restitution, federal prosecutors stated.

Mark Schena, 60, was convicted final yr of paying bribes to docs and defrauding the federal government after his firm billed Medicare $77 million for fraudulent COVID-19 and allergy checks, the U.S. Division of Justice stated in a press release.

Schena claimed his Sunnyvale-based firm, Arrayit Company, had the one laboratory on this planet that supplied “revolutionary microarray expertise” that allowed it to check for allergy symptoms and COVID-19 with the identical finger-stick take a look at package, prosecutors stated.

In conferences with buyers, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit may very well be valued at $4.5 billion, prosecutors stated.

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