A Florida jury has acquitted Christian Fletcher, the CEO of LifeBrite Laboratories, in an alleged $1.4 billion fraud scheme, court documents show.
Prosecutors alleged Mr. Fletcher and nine other defendants billed private insurance companies about $1.4 billion for laboratory claims as part of a billing scheme from November 2015 through February 2018. The defendants were allegedly paid $400 million for the claims, according to an indictment unsealed in June 2020.
On March 21, a jury acquitted Mr. Fletcher of conspiracy to commit healthcare fraud and wire fraud, and conspiracy to commit money laundering, according to court documents obtained by Becker's.
Lifebrite Labs is an accredited medical lab based in Atlanta.