California tech CEO convicted in COVID-19 test fraud
Mark Schena was sentenced to 8 years in prison in Theranos-like case.
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Mark Schena was sentenced to 8 years in prison in Theranos-like case.
He claimed to invent technology that tested for allergies and COVID-19 using only a few drops of blood.
The former CEO of a Silicon Valley-based tech company was sentenced to eight years in prison after lied about his company's ability to test for COVID-19 — in a manner similar to the claims that landed former Theranos CEO Elizabeth Holmes behind bars, according to federal prosecutors.
A Silicon Valley executive, who claimed to have invented technology that could test for allergies and COVID with a few drops of blood, has been sentenced to prison for fraud.
Schena claimed that his Sunnyvale, California based company, Arrayit Corporation, was the only laboratory in the world that had "revolutionary microarray…