California tech CEO convicted in COVID-19 and allergy test fraud case sentenced to 8 years in prison
Headline from WHEC Rochester
SAN JOSE, Calif. (AP) — A Silicon Valley executive who lied to investors about inventing technology that tested for allergies and COVID-19 using only a few drops of blood was sentenced Wednesday to eight years in prison and ordered to pay $24 million in restitution, federal prosecutors said.
WHEC Rochester's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
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.
SAN JOSE, Calif. (AP) — A Silicon Valley executive who lied to investors about inventing technology that tested for allergies and COVID-19 using only a few drops of blood was sentenced Wednesday to eight years in prison and ordered to pay $24 million in restitution, federal prosecutors said.
Mark Schena, 60, was convicted last year of paying bribes to doctors and defrauding the government after his company billed Medicare $77 million for fraudulent COVID-19 and allergy tests.
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California tech CEO convicted in COVID-19 and allergy test fraud case sentenced to 8 years in prison | Since Then
