A Californian Gets Found Guilty of Committing a Gigantic Fraud in COVID Testing
I’m here to tell you about a disturbing incident that took place in California. Recently, a man from California was found guilty of committing a serious crime related to COVID testing. This news has left me utterly perplexed, and I’m sure it’ll leave you astounded as well.
Imagine this: someone purposely deceiving people during a global pandemic. It’s disheartening to think about the harm caused by such dishonesty. But sadly, it’s the reality we’re facing today.
This individual, whose actions I find truly reprehensible, conducted a massive fraud scheme. They exploited the fear and uncertainty surrounding the virus to manipulate unsuspecting individuals for personal gain. It’s a shocking display of greed and complete disregard for the well-being of others.
The consequences of this deceitful behavior are far-reaching and detrimental. People were misled into thinking they were receiving accurate COVID test results, putting their health and the health of those around them at risk. Trust, which is crucial during these challenging times, was deeply shattered.
It is vital to remember that we must be cautious and skeptical in the face of such deceit. As individuals, we have the responsibility to protect ourselves and others by seeking trustworthy sources and reliable information. Let’s support reputable organizations and healthcare providers who are working tirelessly to tackle this pandemic with honesty and integrity.
Together, we can overcome these challenging times and restore faith in the fight against COVID-19. Let’s stay strong, informed, and united in our efforts to keep ourselves and our communities safe.
I have some big news to share. A man from California has just been found guilty by a federal jury for taking part in a scheme to deceive investors and commit healthcare fraud.
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Californian Man Found Guilty of Massive COVID Testing Fraud
This man, Mark Schena, is 59 years old and lives in Los Altos. He used to be the president of Arrayit Corporation, a medical technology company based in Silicon Valley. Unfortunately, he tricked the company’s investors and now he has been convicted for his actions.
What exactly did he do? Well, Schena and others were involved in a fraudulent plot where they submitted over $77 million in false claims for Covid-19 and allergy testing. That’s a huge amount of money!
False Claims of a Revolutionary Technology and a Nobel Prize
I have some shocking news to share with you. According to court documents, it has been revealed that Schena, the person we trusted, actually lied to investors. Can you believe it? He claimed that he had created groundbreaking technology that could detect any disease with just a few drops of blood. But it turns out, this was far from the truth.
Not only that, but Schena also had his publicist spread false information about him. They said that he was the ‘father of microarray technology’ and even suggested that he was being considered for the Nobel Prize. Can you imagine the audacity?
But that’s not all.
During the trial, it came to light that Schena had deceived investors with fake ‘lucrative partnerships.’ He manipulated them into thinking that Arrayit Corporation, his company, was worth a staggering $4.5 billion. He based this valuation on supposed annual revenues of $80 million, even though the company was on the brink of collapse.
It’s incredibly disheartening to see someone take advantage of others like this. We trusted Schena, and he let us down. We must be cautious and vigilant when investing our money, making sure to thoroughly research before trusting anyone.
I found this interesting article on the Department of Justice website. In their statement, they explained that there was a person named Schena who tricked investors into thinking a company called Arrayit was legitimate. They did this by inviting investors to private meetings and sharing fake press releases and tweets. These messages claimed that Arrayit had formed partnerships with important organizations like a children’s hospital and a healthcare provider in California. They even said these entities were going to use Arrayit’s technology. But here’s the thing, none of it was true. There were no actual agreements, or if there were, they weren’t worth much.
I have some important information to share with you. It seems that Schena, a person responsible for certain actions, took part in an illegal scheme involving kickbacks and healthcare fraud. This scheme included submitting dishonest claims to Medicare and private insurance companies for unnecessary allergy testing.
You see, Arrayit, the company involved, conducted allergy screening tests on every patient for 120 different allergens, regardless of whether it was actually necessary. These allergens ranged from hornet stings to codfish. But here’s the shocking part: Schena paid kickbacks to marketers in order to obtain blood samples from patients. And that’s a direct violation of the Eliminating Kickbacks in Recovery Act.
But it doesn’t end there. Schena also came up with a deceptive marketing plan that falsely claimed that the Arrayit test was extremely accurate in diagnosing allergies. In reality, it wasn’t even a proper diagnostic test.
Now, here’s what happened with the billing. The evidence presented during the trial revealed that Arrayit charged Medicare more money per patient for blood-based allergy testing compared to any other lab in the entire United States. And believe it or not, some commercial insurance companies were billed over $10,000 per test!
Convicted Schena Could Be Sentenced to Decades in Prison
I have been officially convicted of several serious crimes, including health care fraud, wire fraud, conspiracy to pay kickbacks, and securities fraud.
The verdict is in, and I will be sentenced on January 30th of next year. If the judge decides to give me the maximum sentence, I could end up spending up to 20 years behind bars for the conspiracy to commit health care fraud and wire fraud. On top of that, I could face an additional 10 years for each count of health care fraud.
The illegal kickbacks that I was involved with also carry hefty sentences. I could be imprisoned for five years for the conspiracy to pay kickbacks and an additional 10 years for each count of payment of kickbacks.