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Monksdream

06/10/20 4:46 PM

#173800 RE: nodummy #173798

I would agree. The SEC has issued a warning about scams associated with the virus.
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janice shell

06/10/20 4:49 PM

#173801 RE: nodummy #173798

This is interesting too - they already got a guilty plea from a conspiring doctor who is cooperating in the case:

Ahhh, so at least some of Schena's co-conspirators are the doctors who participated in the Medicare fraud. I wonder how many there are in all.
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janice shell

06/10/20 5:00 PM

#173805 RE: nodummy #173798

And it was a pretty obvious scam, too. Part of what gave it away were the excuses Schena made for his inability to file financials for the company, which at that time was an SEC registrant. None of those excuses made any real sense.

To people who've followed these stories for years, it was obvious the company had no money, and was barely hanging on. But ARYC quickly became a cult stock, and many of its shareholders just didn't want to listen. There were others, though, who complained to the regulators, and eventually the regulators acted. But it took the covid crisis to persuade them to put a stop to Schena's nonsense.
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nodummy

06/11/20 1:23 PM

#173856 RE: nodummy #173798

ARYC - Dr. Julie Taguchi also charged

Taguchi is Arrayit's lab director

https://www.scribd.com/document/465259223/A-Ryc-Taguchi

Looks like she is Physician #1 referred to in the Mark Schena criminal case:


https://www.justice.gov/usao-ndca/pr/medical-technology-company-president-charged-scheme-defraud-investors-and-health-care

https://www.justice.gov/usao-ndca/press-release/file/1283956/download

Physician #1 is a medical doctor who is licensed in the State of California and a participating provider with Medicare. Physician #1 has proffered with the government pursuant to a Kastigar agreement and has signed an agreement to plead guilty to one count of conspiracy to commit health care fraud, in violation of 18 U.S.C. § 1349.

Physician #1 stated that s/he conspired to commit health care fraud with SCHENA and others. Physician #1 stated it is not medically necessary to test every patient for 120 allergens using the Arrayit test. Physician #1 stated that SCHENA requested the NPI number of Physician #1 and that Physician #1 later discovered that Arrayit submitted claims to Medicare and private insurance plans using Physician #1’s NPI to represent that Physician #1 had ordered allergy testing for patients whom Physician #1 had never seen. Many of these patients were located outside of the State of California and never received treatment from Physician #1. Physician #1 stated that an executive of Arrayit (Executive #1) paid Physician #1 illegal kickbacks in the form of insurance reimbursement checks in exchange for Arrayit’s ordering of allergy testing for patients whom Physician #1 had never seen. In addition, Physician #1 stated that SCHENA and others submitted false and fraudulent documentation to regulatory bodies in order to obtain regulatory approval to allow Arrayit to conduct laboratory testing.


From the Taguchi complaint: