Former CEO of SCWorx Corp convicted of securities fraud scheme related to COVID

Scworx

10/07/2024 20:39

WASHINGTON, July 10 (Reuters) - The former CEO of SCWorx
Corp  WORX.O , a provider of management software for healthcare
providers, was convicted by a federal jury in New Jersey for his
role in a scheme to mislead investors about procurement of
COVID-19 rapid test kits, the U.S. Justice Department said on
Wednesday.
    The jury convicted Marc Schessel, 64, of two counts of
securities fraud, the Justice Department said in a statement. 
    It said that in early 2020, Schessel caused SCWorx to issue
multiple public statements claiming that SCWorx was buying and
reselling at least 48 million COVID-19 test kits, despite
knowing that the statements were false.
    

 (Reporting by Kanishka Singh in Washington; Editing by Leslie
Adler)
 ((Kanishka.Singh@thomsonreuters.com; +12024508248;))