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$116M COVID Test Scam: Federal Grand Jury In NJ Indicts Ex-nyc Health Care Company CEO From CT
The former CEO of a New York-based health care company was charged with orchestrating a coronavirus rapid-test investment scam that fleeced victims of $116 million, federal authorities said.
Marc Schessel, 62, of Greenwich, CT, had his company, SCWorx Corps, make bogus public claims that it was buying and selling at least 48 million COVID test kits that it never received, an indictment returned in U.S. 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," according to a relea…
