‘Father of microarray technology’ sentenced to 8 years for investment, health care fraud

A CEO of a Silicon Valley-based medical technology company was sentenced to eight years in prison for his involvement in multi-million dollar schemes that duped investors and initiated health care fraud, federal prosecutors said.

Mark Schena, 60, who served as the president of Arrayit Corporation, had been found guilty last month of claiming that he had invented a revolutionary technology to test for virtually any disease using a single drop of blood from a finger stick sample scheme, the U.S. Attorney’s Office for the Northern District of California said in a statement.