Former Executives & Employees Of Health Technology Start-Up Charged In A $1 Billion Scheme To Defraud Clients, Lenders & Investors

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. As alleged in the superseding indictment and information, from 2011 to 2017, the former executives and employees of Outcome sold tens of millions of dollars of advertising inventory that did not exist. This allegedly resulted in inflated financial statements that the former executives used to raise nearly $1 billion in . . .