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COVID-19: Health Care Company CEO From Fairfield County Indicted In $116M Test Scam COVID-19: Health Care Company CEO From Fairfield County Indicted In $116M Test Scam
Covid-19: Health Care Company CEO From Fairfield County Indicted In $116M 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
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NY Man Indicted In $700,000 Investment Scheme NY Man Indicted In $700,000 Investment Scheme
NY Man Indicted In $700,000 Investment Scheme A New York man has been indicted for scamming investors out of more than $700,000, authorities announced. Long Island resident Matthew Gallagher, age 37, of Rocky Point, used various investment schemes to scam 24 victims over a period of about four years, according to an investigation by Suffolk County Police and Suffolk County District Attorney Timothy D. Sini. “We have 24 people here who gave their savings to this defendant with the promise of sound investments only to be lied to and swindled out of their hard-earned money,” Sini said. “He was allegedly selling them on investing in b…

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by Joe Lombardi