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Device Exec Charged With COVID-19 Securities Fraud

 
• By Elizabeth Orr

The CEO allegedly falsely told investors that the company was closing in on FDA clearance for a rapid-detection COVID-19 test.

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A diagnostics company executive is facing federal fraud charges for allegedly bilking investors out of millions by falsely stating that the company was developing a breakthrough test for COVID-19, the US Department of Justice announced recently.

Keith Berman, CEO of Decision Diagnostics Inc., was charged with one count of securities fraud and one count of making false statements in the US District Court for the District...

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