Feds accuse Montgomery County man of $50 million COVID bait-and-switch fraud
A Maryland businessman collected more than $50 million in bogus payments by claiming his company was performing in-person COVID tests, but in reality was sending out over-the-counter, self-administered tests to people to perform at home, federal prosecutors said.
TL;DR
- A Maryland businessman allegedly collected over $50 million in fraudulent payments.
- Prosecutors state his company claimed to perform in-person COVID tests.
- In reality, the company sent out over-the-counter, self-administered tests for home use.
- The businessman is accused of a COVID bait-and-switch fraud.