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deep tech ReadWrite June 01, 2026

Burbank laboratory owner jailed after Medicare fraud funded gambling habit

Burbank laboratory owner jailed after Medicare fraud funded gambling habit
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A Burbank blood-testing laboratory owner who used Medicare reimbursement money to support a gambling habit, pay personal expenses and evade millions in taxes has been sentenced to more than four years in federal prison. Armen Muradyan, 60, from California, was ordered to serve 51 months behind bars by U.S. The court also directed him to pay $15.16 million in restitution.

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