Fortress mischaracterized disclosures it made to investors, Crown argues during fraud trial

Fortress mischaracterized disclosures it made to investors, Crown argues during fraud trial

The defence for Jawad Rathore and Vince Petrozza argues that they were duly warned of the risks involved

In 2024, the Department of Justice accused five men of running a network of fraud during the pandemic, falsely billing Medicare and another federal program a total of $65 million for genetic and COVID-19 tests that, according to prosecutors, were not medically necessary. Prosecutors also accused them of paying bribes to doctors and recruiters who sent hundreds of thousands of patient tests to a laboratory in Texas, Innovative Genomics, which rai…