Posted on 12/19/2020 5:05:14 PM PST by CheshireTheCat
The chief executive officer (CEO) of a California-based medical device company was indicted by a federal grand jury in connection with an alleged scheme to defraud investors by making false and misleading statements about the purported development of a new COVID-19 test, leading to millions of dollars in investor losses.
Keith Berman, 67, the CEO of Decision Diagnostics Inc. (DECN), was charged by indictment, unsealed today, with one count of securities fraud and one count of making false statements. The indictment alleges that, from February through December 2020, Berman engaged in a scheme to defraud investors by falsely claiming DECN had developed a 15-second test to detect COVID-19 in a finger prick sample of blood. In truth, Berman knew his test was merely an idea and not a validated method of accurately detecting COVID-19, much less an actual product ready for manufacture and sale. According to the indictment, Berman and DECN were in precarious financial condition in the lead up to the pandemic, and Berman wrote in internal emails that he needed a “new story” to “raise millions.”
The indictment further alleges that Berman falsely told investors that the Food and Drug Administration (FDA) was on the verge of approving DECN’s request for emergency use authorization of its new COVID-19 test. In truth, Berman knew that the company lacked the financial resources and insurance necessary to conduct the clinical testing required by the FDA to complete the application process, but concealed these material facts from and misled investors. In an effort to exert political pressure on the FDA and obtain approval of the DECN COVID-19 test without conducting the necessary clinical testing, Berman hired a political consultant to lobby Members of Congress....
(Excerpt) Read more at justice.gov ...
Your post reminded me of something from the early days of the lockdown. I remember reading a story about a company that was reported for being in possession of large numbers of masks in NY City, and I think they were selling them out of the trucks, and people were paying exorbitant prices for them. Does anyone remember that? I wonder what ever happened to them.
It’s possible if you go on the Dept. of Justice site and search under “masks” they might have something on this group.
I do vaguely recall reading about this.
Thanks.
Is the Grand Jury considering the crimes of Hunter Biden, or are they just looking for the criminals without political connections?
He is probably on Warren Wilhelm Jr’s COVID PPE task force.
That wouldn’t surprise me one bit.
NP. Post something if you find something about them.
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