Update: Medical Tech Company President Sentenced
In an update to a September 7, 2022, story, Mark Schena was sentenced to eight years in prison and ordered to pay $24 million in restitution. Read a Department of Justice press release.
A federal jury convicted Mark Schena, the president of medical technology company Arrayit Corporation, of participating in a scheme to mislead investors, commit health care fraud, and pay illegal kickbacks in connection with the submission of over $77 million in false and fraudulent claims to Medicare and private insurance for unnecessary COVID-19 and allergy testing. According to court documents and evidence presented at trial, Schena engaged in a scheme to defraud Arrayit’s investors by claiming that he had invented revolutionary technology to test for virtually any disease using only a few drops of blood. He orchestrated a deceptive marketing scheme that falsely claimed that Dr. Anthony Fauci and other prominent government officials had mandated testing for COVID-19 and allergies at the same time. Read a story by the Associated Press and a Department of Justice press release.
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