A president of a Silicon Valley firm has been sentenced to federal prison after being convicted in a multi-million dollar scheme that involved fraudulent COVID-19 and allergy tests.
SAN JOSE â According to Northern California U.S. Attorney Ismail Ramsey's office, 60-year-old Mark Schena of Los Altos received an eight-year prison sentence and was ordered to pay $24 million in restitution. Schena, who served as president of Arrayit Corporation, was found guilty last year of multiple charges including conspiracy, health care fraud, illegal kickbacks and securities fraud.
During the early days of the COVID-19 pandemic in 2020, Schena announced that he had a test for the novel coronavirus, at a time when testing was hard to come by. The executive told federal agents that the switch from testing allergies to COVID-19 was 'like a pastry chef' who switches from selling 'strawberry pies' to selling 'rhubarb and strawberry pies.'Prosecutors said Schena launched a deceptive marketing scheme that falsely claimed Dr.
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