Compliance Communications Blog

No Lockdown on Fraud


6/15/20: Mark Schena, president of Arrayit Corporation, became the first criminal securities fraud prosecution related to the COVID-19 pandemic brought by the US Department of Justice. He’s not likely to be the last. The DOJ charged Schena with one count of securities fraud and one count of conspiracy to commit health care fraud related to submission of $69 million in false claims for allergy and COVID-19 testing...

According to DOJ, Schena defrauded Medicare through illegal kickbacks and bribes and then fraudulently promoting an unproven COVID-19 test to the market...

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No Lockdown on Fraud

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