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She should be able to get reports out on time?
The president of Bolivia. ARYC will hire her soon
Yes that is good news
He will be back home for Thanksgiving and Christmas 2030! I'm sure come November 2023 this board will start to fire up again telling tales of victory and new products coming that will change the world. He will just have that pesky 24 Million to pay back and keep his parole officer happy until 2033. But after that we can expect new buildings by Apple (I would actually choose something next to NVIDA now), big surges of twitter followers and some great post prison partnerships to look forward to.
The Red Flags for Potential Fraud are Easy to Spot:
Rene Schena
Mark Schena
Rene Martinsky
Todd Martinsky
The good news is that Mark will be out for Christmas 2030?
Cleaned up and finalized
Yes the appeal will be the final part of the legal process. The appeal will review to see if there was any irregularities in the trial. There will not be. The appeal will be denied and will conclude the legal process. The appeal might take years. At a trial in a U.S. District Court, witnesses give testimony and a judge or jury decides who is guilty or not guilty — or who is liable or not liable. The appellate courts do not retry cases or hear new evidence. They do not hear witnesses testify. There is no jury. Appellate courts review the procedures and the decisions in the trial court to make sure that the proceedings were fair and that the proper law was applied correctly.
But if this is a last cry to try and put out there that somehow someway Schena and all of the conspirators will somehow magically get put back in time and absolved of their crimes & good name restored, well that's just not going to happen. Judge Davila is a seasoned judge. The jury gave a unanimous decision on all counts. The appeal will fail.
Winning an appeal in federal court is a huge challenge. The odds are stacked against appellants from the get-go. The vast majority of appeals fail.
Funny, but this board has always been a source of false and misguided hope in the light of overwhelming evidence:
1: Schena Arrested and charged: Postmaster blamed. People on this board accused of being over zealous for reporting to the SEC/DOJ. US Justice system blamed. Big Pharma blamed. Gaslighting was a standard here on the science, the law and just about everything else to try and dismiss what was happening.
2. Schena decides to go to trial: Gaslighting continues. The "REAL" reason they committed crimes will be coming to light! The kickback laws are garbage!! Schena has a right to defend himself!!!! The DOJ is garbage. The legal system is garbage. The SEC took too long to penalize them! Medicare approved the claims so it must be fine!!!!!
3. Schena and all of the conspirators convicted. ALL conspirators go to trial and take the stand against Schena under the penalty of perjury. Any discussion about the what, where and legally why (according to Schena) this all happened was not brought to light in trial. There was no legal justification for these actions. They were caught, brought to trial (or they admitted their guilt) and convicted. If there was anything that could have absolved them from the crimes, the trial was the place to bring it to light. That did not happen. They are now all felons. Criminals. Convicts. Period.
4. The appeal: Yes the appeal has been filed. And it will be denied. There is no magic wand here that absolves Schena from what he did. There will be no magic release from Atwater Camp. There will be no part of the appeal that says "Wait, the grand jury, trial jury, judge or any other part of this process was wrong. Of course Mark Schena is innocent. We restore his name and will let him make his rhubarb and strawberry pies. We called the Nobel Prize people and Schena really WAS on the short list!!!. Of course the company was worth 4 Billion!! How did we miss it all during the years of the trial process??" See how ridiculous that sounds? Why, because it's not reality. The reality is they were all caught, convicted and now must pay their debt to society.
So the date for release is 11/15/2030. I would get used to that, unless he decides to throw some binders at someone in Atwater. Then he will do the full 8 years.
So if anyone believes a White Knight is going to sweep in here and make it all better.....Don't.
Good luck finding recent detailed SEC filings:
"SCHENA’s Communications with Investors 22. Since 2015, Arrayit has communicated with investors using a number of methods and means. Arrayit largely ceased filing formal quarterly reports (Form 10-Qs) with the SEC in 2015, but continued to communicate with investors using press releases, email, and Twitter. 23. Until mid-2019, Arrayit posted frequently on a Twitter account identified with the username @arrayit. There has been no posted tweets or other publicly visible activity from this account since on or about August 15, 2019. 24. SCHENA has provided contradictory information about his involvement with the Arrayit Twitter account. For example, in a voluntary interview on April 15, 2020, SCHENA explained that he was not involved with social media and he focused on Arrayit’s lab. In a second interview on April 20, 2020, SCHENA stated that he was responsible for posting some of the content on the Twitter account, alongside several others."
FORM 10-K/A For the fiscal year ended December 31, 2011
https://www.sec.gov/Archives/edgar/data/1084507/000079894712000031/form10ka412311.htm
A GC warning
"ARRAYIT CORPORATION
CONSOLIDATED FINANCIAL STATEMENTS
For the Years Ended December 31, 2011 and 2010
"The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company has suffered recurring losses and has working capital and stockholder deficits which raise substantial doubt about its ability to continue as a going concern. Management’s plans regarding these matters are also described in Note 3. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Moss, Krusick and Associates, LLC
Winter Park, Florida
April 18, 2012"
Gotta ask yours———I mean gotta ask ARYCs travo. Good luck
It will be all cleared up on Appeal?
Mark was on the "shortlist" alright.
"Mark Schena, 59, of Los Altos, California, served as the president of Arrayit Corporation. According to court documents and evidence presented at trial, Schena engaged in a scheme to defraud Arrayit’s investors by claiming that he had invented revolutionary technology to test for virtually any disease using only a few drops of blood. In meetings with investors, Schena and his publicist claimed that Schena was the “father of microarray technology” and falsely stated that he was on the shortlist for the Nobel Prize.The evidence at trial showed that Schena also falsely represented to investors that Arrayit could be valued at $4.5 billion based on purported revenues of $80 million per year."
https://www.justice.gov/opa/pr/medical-technology-company-president-convicted-77-million-covid-19-and-allergy-testing-scheme
The history of errors precede the comments of the attention starved at Aryc.
It often sounds like you have a caretaker.
Mine was an open question to anyone. Certainly not to someone who's likely not employable and who is untrained in finance.
I’m guessing as an ad nauseam announcing of lawyer status who never owned a share of a penny stock and held Boeing way too long I’m the wrong person to ask. Guessing at the high intelligence of a daily announcement of attorney status one would have the skill set to find the absolutely easy to find answers. Me? I made money with a variety of penny stocks as a hobby and let brilliant people manage my serious money to the point of never having to work for money from 15 years ago. Hard currency, high yield safe investments and zero debt while my money works for me has been a great life. I give away more than most make. Not bragging just thankful to be entrusted with finances to live on and bless others with. Hope that helps. Good luck with Boeing.
Did ARYC ever pay a cash dividend? Did it ever have an audited profit? In other words, did Mark and wifey EVER run a legit company? When?
Getting bad information from Jason Mark and currently ……is the essence of the ARYC dilemma. Easy to see. Easy to understand there’s nothing to revive something that was a fraud to begin with. Fool everyone once……you know the rest. Beware
2/28 2023 last filing (not 2022)
2/28 2022
5/04 2021( to remove Rene)
2/28 2020
I expect it filed and on time. That’s when we will see if Rene is listed again.
The company files it annual report with sec of state in the state they are incorporated in. All it does is list the officers of the corporation. I havent look at last years filing to see who was listed
Edit: Just checked, last filing was for 2022, list Mark as Pres, CFO and Sec. And the founder as a Director. Wouldn't expect this to be updated
What type of filing is due on the 29th?
I don’t mean SEC filing. I’ll give an update if they do. They are on time every year so far and update as needed
I doubt any respected CPA firm would want to mess with ARYC (especially if it's broke). What sort of documentation remains for an audit? They'd have to go back many years to get some handle on liabilities. Would Rene really want to pay to do that or would she prefer to pay herself a plump salary down the road? And that's assuming any assets remain.
Didn't they file paperwork absolving them of filing
any SEC documents? I don't believe they will be filing anything. I could be wrong here, I just don't think there's a need and I don't think they have the money to put together a proper filing.
Donald, since rok thinks I’m you it actually has me interested in who you might be. I see you haven’t posted since 2015 until recently on this board. Have you been a holder that long? If so, good to have you back. If not, good to have you here.
rok da stock What's next for Aryc?
Donald q duck. 😂. Some Aryc things never change.
I read the board daily. Just nothing worth responding too. His message was. Nothing magical.
Magical appearance at Aryc.
We will find out soon enough, 29th of this month their filing is due and they will update the officers info.
lol nope, still here tho ;)
February 13 Rene three year ban on CEO duties at Arrayit is over? I wonder if she is going to resume as CEO?
Todd Martinsky founder of Arrayit Corporation never charged?
Go back and check the history here
And see why people were put in prison and given millions in restitution. Arrayit was a viable company for many years and went public. Then as the company struggled they stopped filing SEC documents but keep telling investors that everything was on the up and up. They spun marketing stories and avoided their duties as a public company. They fabricated documents to pass lab certifications. They inappropriately filed claims to Medicare by bundling unreliable Covid tests with unwanted/un-needed allergy tests. They paid kickbacks to clinics that used their tests. This is all public information that you can review online.
If you go back and read this board during the time when all this came down, you will see people pointing the fingers everywhere except at the people who committed the crimes. It took a few years, but the DOJ built their case and convicted those involved. All the gaslighters and "disciples" must now see the reality of those actions. So if you are new here there's quite a few years of history to catch up on. And there's quite a few years of prison time for the people that broke the law.
Jeesh, you're not at all good at that. At this point you have to mention Enron and Arthur Andersen. Everyone mentions Enron in an attempt to show audits aren't important, even tho that was ~23 years ago and long before the current Sarbanes Oxley Law. But fact is, audits are essential for safe investing.
That's why the S&P 500 is at record high... and you're stuck with this piece of shit penny stock!
see everyone later....
You're BSing the wrong guy. Amazon IPOd in 1997. Its books were audited by the highly respected Ernst and Young CPA firm.
"Board of Directors Amazon.com, Inc. We have audited the accompanying balance sheets of Amazon.com, Inc. as of December 31, 1997 and 1996, and the related statements of operations, stockholders' equity and cash flows for each of the three years in the period ended December 31, 1997. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial statements and schedule are the responsibility of the Company's management.
"Our responsibility is to express an opinion on these financial statements and schedule based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
"In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Amazon.com, Inc. at December 31, 1997 and 1996 and the results of its operations and its cash flows for each of the three years in the period ended December 31, 1997, in conformity with Generally Accepted Accounting Principles.
"Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein. ERNST & YOUNG LLP Seattle, Washington January 19, 1998"
Kodak was 90 dollar stock with full audit?
Amazon was a used book retailor with no audit?
"investors? You mean crapshooters who were dumb enough to buy a penny stock without reading a reliable audit? Did any respected mutual fund or institutional investor buy ARYC shares? An audit is the first line in investor protection.
"What about the investors?"
Yes. A criminal is convicted and in jail.
Absolutely! Justice was served even in a tree hugging liberal ass state like California. Perhaps if Mark opts to do that sex change, he may end up in Elizabeth Holmes cell and they can have a cat fight. Lol. Sike! Bubba will keep Mark stashed under his bunk until lights out and will not let his new girlfriend go. Cheers!
I would say accountability
would be a positive note here. They signed up to be a public company. Then as the company struggled instead of being up front and admitting it, they lied and and committed crimes in the hopes of keeping everything on the up and up. It was a long and frustrating road, but once the music finally stopped people were held accountable regardless of what spin was given and who supported the lie. You can't white wash the truth by telling everyone your building is by Apple or counting twitter followers. You had a greater responsibility which you avoided. You were caught and made accountable for your actions. That's positive and just.
Who is this, Renne? HAHA! I figured the disciples have started their pilgrimage to the prison for some strawberry rhubarb pie and an exclusive tour only to break out their Messiah. Nothing left but to bust chops and laugh at how outrageous this entire event has been, imo. Cheers!
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Arrayit Corporation
United States v. Mark Schena
Court Docket No.: 5:20-CR-00425
Court Assigned: These cases are assigned to the U.S. District Court for the Northern District of California, Robert F. Peckham Federal Building & United States Courthouse 280 South 1st Street, Room 2112 San Jose, CA 95113.
Next Proceeding: A status conference has been set for August 30, 2021 at 9:00 AM before U.S. District Judge Edward J. Davila. This hearing will be held via videoconference. Please contact us at Victimassistance.fraud@usdoj.gov if you would like to attend and require access instructions.
A trial is scheduled before Judge Edward Davila on May 10, 2022, 09:00 AM at Courtroom 4, 5th Floor, 280 So. First Street, San Jose, CA for the case which involves defendant(s) Mark Schena. At this time the Trial dates are set for: 5/10/22 - 6/3/2022.
Latest Update: In a superseding indictment filed on May 18, 2021, defendant Schena was charged with new counts of health care fraud, conspiracy to pay kickbacks and payment of kickbacks in connection with false and fraudulent statements about the existence, regulatory status and accuracy of an Arrayit COVID-19 test. The conspiracy allegedly sought to induce the ordering of the Arrayit COVID-19 test and to bundle, i.e., require combination with, the COVID-19 test and Arrayit’s medically unnecessary allergy test. The COVID-19 test results were not provided in a timely fashion and were not reliable in detecting COVID-19.
Criminal Charges: The president of a California-based medical technology company was charged in an indictment filed in the Northern District of California, in connection with his alleged participation in schemes to mislead investors and commit health care fraud in connection with the submission of over $69 million in false and fraudulent claims for allergy and COVID-19 testing.
The charges against Mark Schena, 57, the president of Arrayit Corporation, is the first criminal securities fraud prosecution related to the COVID-19 pandemic that has been brought by the Department of Justice and charges three counts of securities fraud and one count of conspiracy to commit health care fraud. According to the affidavit in support of a criminal complaint issued in June 2020, Schena touted that Arrayit is the “only laboratory in the world that offers” revolutionary “microarray technology” that allows Arrayit to test for allergy and COVID-19 based on a finger-prick drop of blood that is placed on a paper card and sent by mail to Arrayit’s laboratory. In the first phase of the scheme, beginning in or around 2018 and continuing to in or around February 2020, Schena and others paid kickbacks and bribes to recruiters and doctors to run an allergy screening test for 120 allergens (including things ranging from stinging insects to food allergens) on every patient regardless of medical necessity, and then made numerous misrepresentations to potential investors about Arrayit’s allergy test sales, financial condition, and its future prospects. In the second phase of the scheme, beginning in or around February 2020, Schena and others made false claims concerning Arrayit’s ability to provide accurate, fast, reliable, and cheap COVID-19 tests in compliance with state and federal regulations, and made numerous misrepresentations to potential investors about the COVID-19 tests and Arrayit’s future prospects for COVID-19 testing.
Victim Impact Statement: If you would like to submit a Victim Impact Statement, you may do so by mailing the Victim Impact Statement below (or a letter to the court) to: Victim Witness Unit, U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, Room 4416, Washington, DC 20530. You also may submit the Victim Impact Statement via email at Victimassistance.fraud@usdoj.gov or by fax at: (202) 514-3708. Please note that during the Department’s period of telework in response to the COVID-19 pandemic, responses to faxes may be significantly delayed.
The information on this website will be updated as new developments arise in the case. If you have any questions, please call the Victim Assistance Line toll-free at (888) 549-3945 or email us at VictimAssistance.fraud@usdoj.gov.
Victim Rights and Contacts: If you believe you are a victim who has invested in Arrayit, or you have taken a COVID-19 test prepared or marketed by Arrayit, please contact: The Fraud Section’s Victim Witness Unit toll-free at (888) 549-3945 or email us at victimassistance.fraud@usdoj.gov.
The information on this website will be updated as new developments arise in the case. If you have any questions, please call the Victim Assistance Line toll-free at (888) 549-3945 or email us at victimassistance.fraud@usdoj.gov. Please note: As a result of the COVID-19 pandemic response, the most reliable method of contacting victim-witness staff is via e-mail. If you need to speak to someone over the phone, let victim-witness staff know in your e-mail, and someone will call you as soon as practicable.
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