Health Editor’s Note: Politicians, scamsters, conspiracy theorists, ill-doers, etc. all just need a brief blip in life as we know it to come out of the wood work and steal all the money they can. The coronoavirus pandemic is not a blip but a major change in life as we have known it. We are seeing only the tip of the COVID-19 iceberg. Heads up!…Carol
Sunnyvale medical technology executive charged with coronavirus-related fraud
by Chase DiFeliciantonio/San Francisco Chronicle
Federal authorities unsealed charges Tuesday against the president of Sunnyvale medical technology company Arrayit, alleging that he attempted to mislead investors and inflate the company stock price with fraudulent claims about the company’s coronavirus testing and other testing capabilities.
The U.S. attorney’s office in San Francisco charged Mark Schena, 57, with one count of securities fraud and one count of conspiracy to commit health care fraud. The charges relate to a scheme that allegedly saw Schena and others submit $69 million in false and fraudulent claims for allergy and coronavirus testing, including $5.9 million in fraudulent charges submitted to the federal Medicare program.
In a statement, federal authorities called the case “the first criminal securities fraud prosecution related to the COVID-19 pandemic that has been brought by the Department of Justice.”
Arrayit did not immediately return calls and emails requesting comment. Calls to the Schena family were also not returned. Mark Schena is married to Arrayit CEO Rene Schena, according to corporate filings.
Federal authorities said the alleged scheme began in 2018 when Mark Schena bribed doctors and others and submitted claims to the federal Medicare program for fraudulent allergy tests, many of which were not medically necessary.