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, the U.S. Department of Justice said in a statement.
Schena claimed his Sunnyvale, California-based company, Arrayit Corporation, had the only laboratory in the world that offered “revolutionary microarray technology” that allowed it to test for allergies and COVID-19 with the same finger-stick test kit, prosecutors said.
In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.
Holmes was convicted on four felony counts of investor fraud following a nearly four-month trial in the same San Jose, California, courtroom where Schena’s trial was held.
In May, Holmes entered a Texas prison where she could spend the next 11 years.
Persons:
Mark Schena, Schena, Elizabeth Holmes, Holmes, San
Organizations:
JOSE, Calif, U.S . Department of Justice, Arrayit Corporation, Stanford University
Locations:
Sunnyvale , California, San Jose , California, Texas