Chicago Lab Owner Pleads Guilty in $14M COVID-19 Testing Fraud

Zishan Alvi admitted to submitting false claims for unperformed or inconclusive tests, facing up to 20 years in prison.

From February 2021 to February 2022, Alvi's lab falsely billed the federal government for COVID-19 tests that were never performed or were inconclusive.
The fraudulent scheme netted over $14 million from the Health Resources and Services Administration (HRSA) during the pandemic.
Alvi used the ill-gotten funds to purchase luxury cars, invest in stocks and cryptocurrency, and stash money in personal bank accounts.
The FBI raided the lab in February 2022, leading to Alvi's indictment on 10 counts of wire fraud and one count of theft of government funds.
Alvi's sentencing is scheduled for February 7, 2025, where he could face up to 20 years in federal prison.