in the federal trial of former Outcome CEO Rishi Shah, former President Shradha Agarwal and former Chief Operating Officer and Chief Financial Officer Brad Purdy. Outcome was once a darling of Chicago’s tech scene, at one point rising to a valuation of about $5.5 billion. The company placed screens and tablets in doctors’ offices and waiting rooms that ran educational content and pharmaceutical ads.
On Tuesday, prosecutors prompted him to explain how he and the others allegedly fudged numbers and lied to clients. Desai said it became apparent to him within weeks of joining the company that it was lying to clients. He said Tuesday that Shah taught him what to include, and what not to include, on lists of inventory given to clients.
The defense is expected to allege during the trial that Outcome operated on a weighted average system, meaning it was understood that Outcome might initially underdeliver on a contract, but because the company was growing so rapidly, it would overdeliver later on, so that, on average, it would have played ads on the required number of screens over the course of a contract.
“I had given up a lot to come and join this company,” Desai said. “I always thought we were going to get there ... I believe it was all going to kind of work itself out.”
Source: Healthcare Press (healthcarepress.net)
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