Overview

• Rishi Shah, along with co-founders Shradha Agarwal and Brad Purdy, misled investors about Outcome Health's financial health.
• The fraudulent activities included selling non-existent ad inventory and fabricating data to cover shortfalls.
• High-profile investors such as Goldman Sachs and Alphabet were among those deceived.
• Outcome Health raised substantial funds based on inflated revenue figures, leading to significant dividends for Shah and Agarwal.
• The case highlights the severe legal repercussions for corporate fraud and the importance of transparency in business practices.