Data Report

SUMMARY - Zishan Alvi, age 45, co-owner of a Chicago COVID-19 testing laboratory, has pled guilty to a $14 million fraud scheme in which his company provided fake negative results to people who had been tested and billed the federal government for the tests. Alvi transferred the money LabElite got from the federal government from the company's bank account to his own personal accounts, and used some of the funds to buy luxury cars. He faces up to 20 years in prison when he is sentenced in February.

LINK - https://www.cbsnews.com/chicago/news/zishan-alvi-guilty-plea-covid-19-testing-fraud/