Three Execs Nabbed In Alleged HIV Testing Sham

Law360, New York (May 19, 2006, 12:00 AM EDT) -- Federal prosecutors have accused three executives of a suburban Chicago diagnostics company of lying about possessing tests that could rapidly identify HIV and mad cow disease in an alleged off-the-wall plot aimed at cheating investors out of millions of dollars.

On Tuesday, the grand jury handed down an indictment that charged a trio of Efoora Inc. officials with engineering an outlandish fraud scheme, complete with a fake manufacturing plant.

Illionois-based Efoora made its name on a groundbreaking rapid diagnostic test used to screen patients immediately for...
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