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Criminal Division of the Justice Department

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COVID-19: CEO From Greenwich Indicted For $116 Test Scam COVID-19: CEO From Greenwich Indicted For $116 Test Scam
Covid-19: CEO From Greenwich Indicted For $116 Test Scam The former CEO of a New York-based health care company from Fairfield County was charged with orchestrating a COVID-19 rapid-test investment scam that fleeced victims of $116 million, federal authorities said. Marc Schessel, age 62, of Greenwich, had his company, SCWorx Corps, make bogus public claims that it was buying and selling at least 48 million COVID-19 test kits that it never received, an indictment returned in US District Court in Newark alleges. "The claims share price surged, rising by over 400 percent from approximately $2.25 per share to an intraday high of $14.88. per share," …

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by Jerry DeMarco