Owner of COVID testing company accused of defrauding US government out of $83M

A grand jury handed down the indictment against Zishan Alvi, 44, of Inverness. Alvi is accused of fraud and stealing government funds.

According to ABC, Zishan Alvi, 44, was the co-owner of Laboratory Elite, headquartered in Chicago, which purported to offer two types of COVID-19 testing, PCR tests and 15-minute rapid antigen tests, according to an indictment from the U.S. Attorney’s Office for the Northern District of Illinois.

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The company also offered a service where people could pay a fee to receive expedited PCR test results.

ZISHAN ALVI,
defendant herein, along with others, knowingly devised, intended to devise, and
participated in a scheme to defraud, and to obtain money and property by means of
materially false and fraudulent pretenses, representations, and promises.

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Read Full Indictment.

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