November 26, 2019
Outcome Health the entity may be nearing the end of its legal woes, but some of the individuals wrapped up in the company’s ad scandal aren’t quite out of the woods yet.
A recently unsealed criminal indictment filed in the Northern District of Illinois outlines charges against former CEO and cofounder Rishi Shah, former president and cofounder Shradha Agarwal, former CFO Brad Purdy and former EVP...
October 31, 2019
Roughly two years after the fact, digital healthcare advertiser Outcome Health is finally closing the loop on its ad fraud scandal. Yesterday the Chicago-based company and the US Department of Justice announced a $70 million settlement alongside an admission that the company’s former executives and employees sold falsified advertising inventory from 2012 to 2017.
“Outcome Health deceived its...
July 10, 2019
Virtual until proven fraudulent. A New York anesthesiologist has been indicted for her role in a scheme to submit fraudulent telemedicine claims to Medicare, Medicare Part D plans as we. According to the indictment, Dr. Anna Steiner and other providers purported to practice telemedicine in exchange for kickbacks starting in 2015. This resulted in more than $7 million in Medicare claims on behalf...
March 15, 2018
The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.”
Along with former Theranos President Ramesh “Sunny” Balwani, Holmes has been charged with raising over $700 million from investors “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,...