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Jury finds former execs for Outcome Health guilty of fraud

Posted On: Apr. 12, 2023 10:08 AM CST

Jurors found three former leaders of a Chicago-based health care media company guilty of multiple counts of fraud on April 11, following a 10-week federal trial that tracked Outcome Health’s rise and dramatic fall after allegations that the officials had lied to customers and investors while taking in about $1 billion, reports the Associated Press. Jurors found Outcome Health co-founder and former CEO Rishi Shah guilty on 19 of 22 counts, co-founder and former president Shradha Agarwal guilty on 15 of 17 counts and former chief operating officer Brad Purdy guilty on 13 of 15 counts.