Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rene cut a deal. Mark is destined for jail and Jason Nielsen hopefully goes too. And the doctor at arrayit. Cut a deal. So this aryc board is meaningless. Some are here to warn innocents.
Any possibilities of arrayit fooling anyone to pay their rent? After all no one is there
Mark will pay them back making license plates in jail? Nene can’t play for years. And that 50k fine might as well be a million. The fork is stuck in arrayit by its own people and sidekick Jason Nielsen. Pretending this is a viable company to hope folks buy shares is criminal imo
Remember the 200 million dollar commenced run? All the ifs and possibilities are total nonsense. Nothing saves this fraud and conspiracy riddled junk. Even NeNe is busted. More to follow at arrayed...if there’s anyone left
Right and he was still in the office. Nonsense can’t
Save Mark. ARYC should be shut down
It stands in a knee deep slime of fraud. Conspiracy comes to mind as well. Charges all around gives anyone with a pecan on their shoulders a clear view of Mark, Ne and Jason and the doc. The vendors at least will get a laugh when it's all said and done. ..All those lawsuits!!!! "We have a testttttt"....Total and complete takedown is what the SEC and DOJ need to accomplish along with all who posted and reposted the lies
SEC Charges California Company and Its CEO with Misleading Investors About Covid-19 Blood Test and Financial Reports
Litigation Release No. 25029 / February 11, 2021
Securities and Exchange Commission v. Arrayit Corporation and Rene Schena, No. 5:21-cv-01053 (N.D. Cal. filed February 11, 2021)
The Securities and Exchange Commission today charged Arrayit Corporation, a Sunnyvale, California company, with making false and misleading statements about the development of a COVID-19 test, and with failing to file required financial reports. The SEC also charged Arrayit's co-founder and Chief Executive Officer, Rene Schena, with making misrepresentations to investors about the financial reports, and for her role as a control person of the company.
The SEC's complaint alleges that, in March and April 2020, Arrayit falsely stated to investors that it had developed a COVID-19 blood test. In fact, as alleged, at the time, Arrayit had not yet purchased materials needed to make a test. The complaint further alleges that Arrayit falsely asserted to investors that it had submitted the test for emergency approval and that there was a high demand for the test. Additionally, the complaint alleges that, between October 2018 and March 2019, Arrayit issued a series of false and misleading statements to investors, including in a shareholder letter prepared by Rene Schena, claiming that it was preparing to file delinquent periodic reports and financial statements for the first time since November 2015. As alleged, Schena knew or was reckless in not knowing that these claims were untrue.
The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Arrayit with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and the reporting provisions of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder. The complaint further charges Rene Schena with aiding and abetting Arrayit's violations and alleges that she is liable as a control person of Arrayit pursuant to Section 20(a) of the Exchange Act. Without admitting or denying the allegations in the complaint, Arrayit and Rene Schena agreed to settle with the Commission and to be enjoined from future violations of the charged provisions. Rene Schena also agreed to a 3-year officer and director bar and to pay a $50,000 penalty. The settlements are subject to court approval.
The Commission previously filed charges against Mark Schena, the President and Chief Science Officer of Arrayit, for related conduct. That matter is currently pending in the U.S. District Court for the Northern District of California.
The SEC's investigation was conducted by Fitzann R. Reid and John K. Han, and supervised by Jason H. Lee and Monique C. Winkler, of the San Francisco Regional Office.
Message in reply to: No, Arrayit the corporation is not being sued by the DOJ or SEC. Seems to be false
Complete nonsense. Just like the claims Mark was working and arrayit was operating. Lies with this junk is all that’s left. What a fraud and conspiracy looks like ARYC’s a joke. Unless one is a vendor or investor or one hooked into the fraud. Then it’s not a joke
Total nonsense. Read the court documents. ARYC test?
The Schenas did all of this to themselves with help from the doctor and Jason Neilsen and others
I’m speaking to charges and fraud and conspiracy by all involved. But let’s hear the innocent Jason Neilsen speak in this forum as he has spoken over 14000 times of his involvement and accessibility to the arrayit group and his close interaction with the schenas.
Nope. Just a demonstration that the weaker lie when the truth of arrayit is obvious.
Show proof that Mark was working and arrayit was operating. That’s all I ask. They were not yet the weaker thought they were and declared it as fact. It was nonsense and deception
Message in reply to: Last we knew ARYC was still operating with Mark working in the lab. The commercial property they occupy is not listed as available for lease. Unless I hear something definitive, I am going to assume they're still there and operating. I have emailed the LL but have not heard back. They weren’t. They’re not. Only the most gullible were fooled by Mark. ARYC should be shut down
Defending the indefensible. Just like claiming Mark was working. Eventually all is revealed. This scam has finally seen the light of day and some can’t accept they were fooled so they remain fools. Scams always have their share of saps don’t they? ARYC is classic and the remnant of believers while down to just a few is sad and laughable at the same time. Burnt Vendors and investors aren’t participating are they? This was the most obvious of all. Ask the SEC and the DOJ. Ask those who flipped on ARYC leadership.
Jason’s own posts public and private are evidence enough and facts for anyone with enough common sense to eat with a fork. Amazing that anyone would continue to cover for frauds and conspirators. But then Jason and Mark relied on the ignorance of others to take money. I mean after all people were claiming mark was working at arrayit until the documents told the truth. Remember? Arrayit should be permanently closed.
Total and complete nonsense. Not recognizing a conspiratorial con man is apparently easy. Jason and Mark and Nene all should be in jail along with others. Sad that it will probably just be Schena. Clearly Jason is a criminal along with the others. The sec thinks so. The doj thinks so. The investors apparently believed his scamming. No he’s not just a fun loving innocent boy. Any attempt to play down his role in this scam is laughable. Only the foolish try to paint him as decent or innocent.
Busted NeNe is a nice way to start a weekend. ARYC should be shuttered
This is a winner said Jason Neilsen. Well he’s busted and silent now but promised this was a winner. ARYC fraud and conspiracy
Mark’s beyond broke and deserves a lot of jail time and huge fines. All the other is nonsense. Always has been. ARYC should shut down
Flew up there. Drove by. Ghost town.
ARYC FRAUD AND CONSPIRACY. SCHENA will get his due when the courts move past this covid nonsense.
Absolutely correct but anyone who sniffs out the Fraud and Conspiracy....will exit faster than Epstein from a jail cell. This junk is too toxic for it to be like one of the casino stocks. Most of them have a baseline of credibility compared to the stench of Arrayit.
Over priced buying at questionable brokers....Nothing new under the ARYC fraud and conspiracy sun. But if anyone believes there's a speck of life in this junk I'd say buy! It's just money and might help Mark get extra goodies in jail.
Fraud and conspiracy proof. @arrayit Mar 31 Financials Update #29
Early in March, we increased our weekly guidance for medical billing associated with our physician-prescribed allergy testing clinical services to $2,000,000 ($2 million) per week, indicating the growth we are observing in testing . No matter how long this is dragged out. It’s coming to Mark
Just like to pay rent one needs money. ARYC is such a great company. Remember?
February, the CE sell-a-thon for junk stocks. ARYC is a fine candidate for total collapse
Arrayit can’t produce an audited financial for years and can’t afford rent or a muffin. Speak up arrayit. We’re listening for signs of life
ARRAYIT!!!!????!!!!Show me one financial for five years arrayit. Just one audited financial. Don’t tell me arrayit is attempting to pay rent and then tell me all the integrity mark has. Nonsense on a scale most can’t comprehend. Arrayit is defunct without showing otherwise
A great company that only supposedly attempts to pay rent? Let’s think about that. Fraud and conspiracy manifest in the inability to pay rent and some support and defend this mess called arrayit?
According to the records ARRAYIT has hidden its pathetic upside down financials for years. No “attempt” to pay rent matters. The scam speaks loudly through those trying to deceive others.
Why not one word from arrayit? Over a year now? Pathetic excuse for a non reporting garbage stock. This is the last day of January trading. Goodbye CE traders.
Squatting on property not paying rent. They’re special aren’t they? Not a peep from arrayit. Just an odd and ended here and there claiming they’re working. Total nonsense from a fraud and conspiracy charged group of cons. Speak up arrayit. Those trying to help you are looking pretty pathetic.
Anyone being proud of a bum who doesn't pay rent but then claiming all is great and everyone is working is just total and complete lying nonsense. Eventually mark and crew should end up in jail and justice will be done while vendors and investors lost everything. One must be proud...really really proud. Sick ARYC
But on the bright side NO ONE from Arrayit is brave enough to speak to said investors and vendors. That's a very loud silence.
$0.0 0 0 5 ARYC fraud and conspiracy results it would seem
Big buyer today!!!$$15.00!!!!!!!! Way to go arrayit
There's no magic. They have been silent for nearly a year. IF they're up and running and everything is great then where are the tweet storms? Where are the media announcements? Where are the email blasts? Are they just down to a few folks pretending to be someone else in order to tell me how great things are going? ARYC should be shuttered and the various components should be held accountable and hopefully land in jail.
Not.a.peep.from.Arrayit’s.supposed”working”crew.Why.not??
Especially ARYC shares lol