Friday, August 16, 2024

Remember That Story About the Lab in Reedley?

It smelled bad but this 8/15/24 Sacramento Bee story about federal indictments suggests just ordinary fraud:
"A federal grand jury handed down new charges on Thursday for the man accused of being behind the Reedley lab that regulators said was illegally distributing misbranded COVID-19 test kits as the owners lied to investors. Jia Bei Zhu, 62, previously faced three counts of lying to regulators and distributing misbranded medical devices, but the grand jury on Thursday returned a new 12-count superseding indictment."

Read more at: https://www.sacbee.com/news/california/article291100330.html#storylink=cpy

It appears they misled investors into believing they were making huge numbers of American-made COVID-19 tests which were actually imported from China and then mislabeled. 

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