\n Posted on: June 1, 2026, 06:15h.\u00a0\n <\/p>\n
\n Last updated on: June 1, 2026, 06:21h.\n <\/p>\n
![\"Avatar](\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-50x50.png\")
<\/div>\n<\/p><\/div>\n<\/p><\/div>\n- \n
- Blood lab owner spent millions on gambling while concealing Medicare-linked income<\/strong><\/li>\n
- Figurehead owner helped keep Medicare reimbursements flowing for years<\/strong><\/li>\n
- Scheme generated $11.2 million in unpaid taxes, court records show<\/strong><\/li>\n<\/ul>\n
A Southern California laboratory owner who concealed millions of dollars in Medicare reimbursements while spending heavily on gambling has been sentenced to more than four years in federal prison.<\/p>\n
![\"Armen](\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2026\/06\/Blood-858x572.jpg\")
A federal investigation found that millions of dollars in income linked to a Medicare fraud scheme at a blood-testing lab went unreported to the IRS. (Image: Shutterstock)<\/figcaption><\/figure>\n Armen Muradyan, 60, of Burbank, was handed a 51\u2011month sentence in Los Angeles federal court after pleading guilty to charges including healthcare fraud, wire fraud, and tax evasion, the US Attorney\u2019s Office said.<\/p>\n
Blood Brothers<\/strong><\/h2>\n
Muradyan admitted covertly running a blood-testing business that used a friend as a figurehead owner so that millions of dollars in Medicare reimbursements kept coming, despite the fact he had been banned from making claims.<\/p>\n
Muradyan deposited the payments into bank accounts he opened in his friend\u2019s name and took the funds for himself. He reported only modest personal income, roughly $40,000 a year, to the IRS while spending millions of dollars on gambling and other personal expenses, per the DOJ.<\/p>\n
\nMuradyan failed to report approximately $23.9 million in taxable income between 2015 and 2023. This left about $11.2 million in unpaid federal income taxes, plus nearly $3.9 million in accrued interest, according to prosecutors.<\/p>\n<\/div>\n
The scheme relied on a longtime associate identified in court documents as \u201cL.S.\u201d Muradyan paid his friend approximately $2,000 per month to pretend to own Genex Laboratories, a Burbank blood-testing company.<\/p>\n
Stooge \u2018Owner\u2019<\/strong><\/h2>\n
L.S. signed documents, opened bank accounts, and submitted Medicare enrollment paperwork while Muradyan remained the true owner and operator of the business, prosecutors said.<\/p>\n
The friend did not manage the lab, merely acting as a nominee while Muradyan managed company funds from behind the scenes.<\/p>\n
Muradyan also admitted obtaining a $99,900 Economic Injury Disaster Loan through false statements during the COVID-19 pandemic. He admitted falsely claiming that another company, GenMed, had employees and generated approximately $800,000 in revenue during 2019 when it had neither.<\/p>\n
Muradyan pleaded guilty in August 2025. Judge John A. Kronstadt ordered him to pay $15.16 million in restitution in addition to the prison sentence.<\/p>\n<\/div>\n
- Figurehead owner helped keep Medicare reimbursements flowing for years<\/strong><\/li>\n