Zishan Alvi, co-owner of LabElite, exploited the COVID-19 pandemic to fraudulently bill over $83 million for tests he never conducted, securing luxury items.
The indictment revealed a shocking array of Alvi's luxuries funded by the scam, including five high-end vehicles and substantial investments in stocks and cryptocurrency.
Federal prosecutors detailed that LabElite performed inadequate or no COVID tests, jeopardizing public safety while profiting off the federal government's relief efforts.
This case illustrates the extent of COVID-related fraud, with Alvi's actions leading to serious federal charges and efforts to reclaim fraudulent gains.
#covid-19-testing-fraud #wire-fraud #government-fraud #luxury-asset-seizure #health-resources-and-services-administration
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