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RIGHT SPEAK: Biotech CEO Who Relied On Multiple Aliases Sentenced to 7 Years in Prison for Theranos-Like $28 Million Fraud Involving a Fake Finger-Prick Covid Test; 2 Mississippi Businessmen Found Not Guilty in Pandemic Relief Fraud Trial, and other C-Virus related stories

RIGHT SPEAK: Biotech CEO Who Relied On Multiple Aliases Sentenced to 7 Years in Prison for Theranos-Like $28 Million Fraud Involving a Fake Finger-Prick Covid Test; 2 Mississippi Businessmen Found Not Guilty in Pandemic Relief Fraud Trial, and other C-Virus related stories
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Westlake villageUnited statesAntwann richardsonKeith bermanMatthew steinmannTate reevesJabari ogbanna edwardsNicole argentieriClay joynerJustice department criminal divisionDepartment of justiceDecision diagnosticsJustice departmentCriminal divisionInvestors hubInvestors hangout

Biotech Exec Gets 7 Years in Prison for False Claims About Rapid Covid-19 Test

The former CEO of a biotechnology company who, at the start of the pandemic, falsely claimed to have invented a blood test capable of detecting Covid-19 in 15

United statesWestlake villageKeith bermanDecision diagnostics corporation

US Biotech Executive Sentenced to 7 Years in Jail for COVID Test Fraud

US Biotech Executive Sentenced to 7 Years in Jail for COVID Test Fraud
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Westlake villageUnited statesKeith bermanNicole argentieriDavid ljunggrenLeslie adlerUs justice departmentJustice departmentExchange commissionAttorney generalDecision diagnostics

US biotech executive sentenced to 7 years in jail for COVID test fraud

Keith Berman, 70, of Westlake Village, California, pleaded guilty last December to securities fraud totaling around $28 million. The Justice Department said that from February through December 2020, Berman falsely claimed his Decision Diagnostics company had developed a 15-second test to detect COVID-19 in a finger prick sample of blood when, in reality, no such test existed. "Berman defrauded investors to profit from the pandemic," Nicole Argentieri, head of the Justice Department's criminal division, said in a statement.

Westlake villageUnited statesKeith bermanNicole argentieriLeslie adlerDavid ljunggrenExchange commissionJustice departmentDecision diagnosticsKeith bermanThe chief executiveBiotechnology company

Investigations Newsletter: Two Individuals Indicted for Operating $25 Million Crypto-Fraud | ArentFox Schiff

Two Individuals Indicted for Operating $25 Million Crypto-Fraud - On December 11, a federal court in California unsealed a superseding indictment, which charged two men.

United statesKeith bermanArentfox schiffVincent anthony mazzotta jrCraig lovelaceMatter for companiesOwner of companyDecision diagnostics corpExecutives in regulated industriesUs department of justiceDrug administrationIndividuals indictedDavid gilbert saffronVincent anthony mazzottaCrypto reserveCompany sentenced