Arrayit Corporation (ARYC)

[MikeCr]

"New Charges Filed Against Medical Technology Company President And Two Others In Alleged Fraudulent Covid-19 Testing Scheme

Superseding Indictment Alleges Mark Schena Conspired to Pay Kickbacks and Administered Unnecessary Testing, Adding to Charges Pending In Scheme To Defraud Investors and Health Care Benefit Programs"

https://www.justice.gov/usao-ndca/pr/new-charges-filed-against-medical-technology-company-president-and-two-others-alleged

If convicted, the defendants face the following statutory maximum sentences:

Defendant

Charge

Maximum Penalty (per count)

Schena

Conspiracy to Commit Health Care Fraud and Wire Fraud

(18 U.S.C. § 1349)

20 years imprisonment,

$250,000 fine

Health Care Fraud

(18 U.S.C. § 1347)

(two counts)

10 years imprisonment,

$5,000,000 fine

Conspiracy to Pay Illegal Kickbacks

(18 U.S.C. § 371)

5 years imprisonment,

$250,000 fine

Payment of Illegal Kickbacks

(18 U.S.C. § 220)

(two counts)

10 years imprisonment,

$200,000 fine

Securities Fraud

(15 U.S.C. §§ 78j & 78ff

and 17 C.F.R. 240.10b-5)

(three counts)

20 years imprisonment,

$5,000,000 fine

Haje

Conspiracy to Defraud the United States and Pay and Receive Kickbacks

(18 U.S.C. § 371)

5 years imprisonment,

$250,000 fine

Conspiracy to Commit Health Care Fraud

(18 U.S.C. § 1349)

20 years imprisonment,

$250,000 fine

Jablonski

Conspiracy to Defraud the United States

(18 U.S.C. § 371)

5 years imprisonment,

$250,000 fine