Outcome Health leaders convicted on federal fraud charges

TL;DR

CHICAGO (AP) — Jurors found three former leaders of a Chicago-based company guilty of multiple counts of fraud on Tuesday, 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. Chicago Tribune reported that 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. ”An attorney for Purdy, Theodore Poulos, said they are “profoundly disappointed” with the verdict and reiterated his defense argument from trial that evidence showed “certain critical information was withheld” from Purdy

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