CEO of Arrayit sentenced to 8 years in prison for defrauding investors
Silicon Valley executive, Mark Schena, has been sentenced to eight years in prison and ordered to pay restitution after defrauding investors. Schena lied about his company’s technology, claiming it could test for allergies and COVID-19 with a finger-stick test kit. This case shares similarities with the legal saga of Elizabeth Holmes and her company, Theranos.