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Former CEO of SCWorx Corp convicted of securities fraud scheme related to COVID
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Former CEO of SCWorx Corp convicted of securities fraud scheme related to COVID
Jul 10, 2024 1:16 PM

WASHINGTON, July 10 (Reuters) - The former CEO of SCWorx

Corp ( WORX ), 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 ( WORX ) to issue

multiple public statements claiming that SCWorx ( WORX ) was buying and

reselling at least 48 million COVID-19 test kits, despite

knowing that the statements were false.

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