Sunday, July 21, 2024

Former CEO of SCWorx Corp Convicted of Securities Fraud Over COVID Tests; EBR Schools Employee Accused in $100K COVID-19 Relief Fraud Scheme, and other C-Virus related stories

REUTERS/Eduardo Munoz
Former CEO of SCWorx Corp convicted of securities fraud over COVID tests:
The former CEO of healthcare software company SCWorx Corp was found guilty of investor fraud for falsely stating the company was becoming a major supplier of COVID-19 rapid tests early in the pandemic, the U.S. Justice Department said on Wednesday.
The Justice Department said in a statement that a federal jury in New Jersey convicted Marc Schessel, 64, of two counts of securities fraud for public statements by SCWorx in April 2020, early in the pandemic, claiming that it was buying and reselling at least 48 million COVID-19 test kits, despite knowing that the statements were false. SCWorx said it had a binding contract to acquire the rapid COVID test kits from an Australian supplier.
The company and the former CEO had no immediate comment on Wednesday.
The Justice Department said that Schessel knew the Australian supplier did not have regulatory approval for the COVID test kits and that his company did not have nearly enough money to pay for them. --->READ MORE HERE
EBR Schools employee accused in $100K COVID-19 relief fraud scheme
An East Baton Rouge Parish School System employee is accused of being connected to a COVID-19 fund relief scheme.
According to federal court documents, Kenyall Williams is accused of conspiring with an unknown individual to defraud the federal government.
From November 2022 through April 2023, the co-conspirator was accused of filing fake applications for federal tax credits through the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The unknown person filled out applications for fraudulent businesses before the pandemic.
Beginning around January 2023 through April 2023, it is believed that Williams conspired with the unknown individual and agreed to willingly commit mail fraud against the United States. Attorneys believe the co-conspirator would hire Williams to help with the scheme in exchange for a portion of the money. The individual would register businesses with the Secretary of State and identify Williams, along with others, as associates and officers for the business.
The co-conspirator would then open bank accounts that are connected to the businesses in Williams’ name. The individual is accused of filing false tax forms that would lead to a large tax credit and a refund from the Internal Revenue Service (IRS), according to the court documents. --->READ MORE HERE
Follow links below to relevant/related stories and resources:

NHS issue Covid warning over symptoms you need to 'call 999' for

California hits 'very high' COVID levels as virus in wastewater jumps significantly

USA TODAY: Coronavirus Updates

WSJ: Coronavirus Live Updates

YAHOO NEWS: Coronavirus Live Updates

NEW YORK POST: Coronavirus The Latest

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