Three Former Executives Sentenced for $1B Corporate Fraud Scheme

Jul 1, 2024 · Three former executives of Outcome Health (Outcome), a Chicago-based health technology start-up company, were sentenced for their roles in a fraud scheme that targeted …

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Three Former Executives Sentenced For $1B Corporate Fraud Scheme

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Jul 1, 2024 · Three former executives of Outcome Health (Outcome), a Chicago-based health technology start-up company, were sentenced for their roles in a fraud scheme that targeted …

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Ex-Execs Of Illinois Health Tech Startup Sentenced In $1 Billion Fraud

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Three former executives of Outcome Health, a healthcare technology company, were sentenced today for their roles in a massive $1 billion fraud scheme. The scheme involved inflating …

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Former Executives Of Outcome Health Convicted In $1B Corporate …

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Apr 11, 2023 · A federal jury convicted three former executives of Outcome Health, a Chicago-based health technology start-up company, for their roles in a fraud scheme that targeted the …

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Former Outcome Health Execs Sentenced In $1B Fraud Scheme

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Jul 1, 2024 · – Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and …

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Three Chicago Health Start-up Execs Sentenced In $1bn Fraud …

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Jul 1, 2024 · Chicago-based Outcome Health and the company's executives have been embroiled in a severe $1bn fraud case. The health technology start-up's three senior executives, Rishi …

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Three Chicago Health Start-up Execs Sentenced In $1bn Fraud …

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Jul 2, 2024 · Chicago-based Outcome Health and the company’s executives have been embroiled in a severe $1bn fraud case. The health technology start-up’s three senior executives, Rishi …

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Outcome Health CEO, CFO Sentenced For Roles In $1B Fraud Scheme

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Jul 1, 2024 · Rishi Shah, co-founder and former CEO of healthcare technology startup Outcome Health, has been sentenced to seven and a half years in prison for his role in a scheme …

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Executives Sentenced Over $1B Corporate Fraud At Chicago-based …

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Jul 1, 2024 · Three former executives of Outcome Health, a Chicago-based health technology start-up, have been sentenced for their involvement in a fraud scheme that deceived the …

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Former Executives Sentenced For $1B Corporate Fraud Scheme

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Jul 3, 2024 · In a significant legal development, three former executives of Outcome Health, a Chicago-based health technology start-up, have been sentenced for their roles in a massive …

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Outcome Health Execs Convicted In $1B Fraud Scheme

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Apr 14, 2023 · Three former executives from Outcome Health, a health technology startup company based in Chicago, have been convicted by a jury in a fraud scheme amounting to …

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Former Outcome Health Execs Convicted In $1B Corporate Fraud …

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Apr 12, 2023 · A federal jury has convicted three former executives of Outcome Health, a Chicago-based health technology start-up company, for their roles in an alleged fraud scheme …

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Former Executives Of Illinois Health Tech Startup Sentenced For $1 ...

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Jul 2, 2024 · Three former executives of Outcome Health, a healthcare technology company, were sentenced today for their roles in a massive $1 billion fraud scheme. The

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A Once High-flying Health-tech Startup’s Co-founders Were …

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Apr 12, 2023 · Table: Outcome health ex-execs’ convictions at a glance. datawrapper-chart-aggmh. The Outcome Health fraud and penalties, by the digits. $45 million: Overbilled …

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2 Chicago-Based Indian-American Startup Founders Convicted In …

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Apr 12, 2023 · Two Indian-American executives of a Chicago-based health technology startup have been convicted for their roles in a $1 billion fraud scheme that targeted the company's …

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FAQs about Three Former Executives Sentenced for $1B Corporate Fraud Scheme Coupon?

Who was convicted of a fraud scheme at Outcome Health?

A federal jury convicted three former executives of Outcome Health, a Chicago-based health technology start-up company, for their roles in a fraud scheme that targeted the company’s clients, lenders, and investors and involved approximately $1 billion in fraudulently obtained funds. The individuals convicted by jury verdict today were: ...

Was Outcome Health a fraud company?

Four former executives and two former employees of Outcome Health (Outcome), a Chicago-based health technology start-up company founded in 2006, were charged for their alleged roles in a fraud scheme that targeted the company’s clients, lenders and investors, and involved approximately $1 billion in fraudulently obtained funds. ...

Who prosecuted a fraud case in Illinois?

Former Assistant Chief William E. Johnston of the Criminal Division’s Fraud Section and former Assistant U.S. Attorneys Matthew F. Madden and Saurish Appleby-Bhattacharjee for the Northern District of Illinois also prosecuted the case through trial. ...

Who pleaded guilty to wire fraud?

Oliver Han, a former analyst, pleaded guilty to conspiracy to commit wire fraud. Shah, Agarwal, Purdy and Desai also were charged with fraud in 2019 by the Securities and Exchange Commission. The three executives also were found guilty of defrauding Outcome’s lenders and investors by overstating company revenue in 2015 and 2016. ...

Did outcome's former executives deceive their clients?

“Outcome’s former executives deceived their clients, their auditor, their lenders, and their investors for years,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. ...

How much money did outcome's ad fraud cost?

The scheme targeting Outcome's clients allegedly lasted from 2011 to 2017 and resulted in at least $45 million of overbilled advertising services, according to trial evidence. The fraud originally was revealed in a Wall Street Journal article in 2017. The three executives convicted by the jury this week are: ...