The former CEO of the once lauded Chicago tech start-up Outcome Health did not commit fraud but rather trusted the wrong person, a defense attorney argued Wednesday morning, as closing arguments continued in the trial of three former company executives.
Outcome Health CEO Rishi Shah, left, and president Shradha Agarwal arrive to the Dirksen U.S. Courthouse on Jan. 24, 2023.
Shah, Agarwal and Purdy now face charges of mail fraud, wire fraud and bank fraud. Shah also stands accused of money laundering, and Purdy of making false statements to a financial institution. All three have pleaded not guilty to the charges, some of which carry sentences of up to 30 years in prison.
“He’s lulling Mr. Shah into thinking there’s no fraud,” Hueston said. He reminded jurors that Desai testified earlier in the trial that he faked screenshots of screens running ads for clients and falsified return-on-investment reports and certain metrics without any direction to do so from above. Hueston, however, on Wednesday, showed examples of times when Shah indicated that clients should be told that some of the offices included in lists of where their ads could be played were based on projections or averages.Hueston also focused on testimony from earlier in the trial of Jason Ketchum, Outcome’s former senior director of promotional strategy.
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