A Chicago-based COVID-19 testing facility founder was charged with fabricating more than $83 million in fraudulent federal health claims for coronavirus tests.
The indictment also alleges that Alvi transferred more than $83 million in fraudulently obtained federal funds to a bank account for personal expenses, including the purchase of luxury vehicles and investments in stocks and cryptocurrencies.
Chicago Man Accused of Using Government Funds for Personal Gain
Many states filed complaints against the Center for COVID-19 Control, an Illinois-based countrywide coronavirus testing chain, alleging that the owners diverted millions of cash collected from the federal government and insurance companies for testing themselves.