Topic: Major DNC Donors and Chicago Tech Executives Rishi Shah and Shradha Agarwal Indicted for Fraud
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In an era of celebrity tech entrepreneurs, Chicago has its own local star in Rishi Shah:apu::poo:, a charismatic 31-year-old who has parlayed his advertising startup into connections with political and financial heavyweights.

Mr. Shah's startup, Outcome Health, installs video screens in doctors' offices and charges pharmaceutical companies to run ads on them aimed at patients. :rofl::rofl::rofl::rofl: After investors including Goldman Sachs Group Inc. and Google parent Alphabet Inc. poured around $500 million into Outcome at what the Chicago company said was a valuation of $5.5 billion in May, prominent venture capitalist Bill Gurley tweeted that Mr. Shah, its chief executive, was "the real deal."

Somewhat less real were aspects of some deals Outcome cut with pharmaceutical advertisers, say former employees along with several advertisers. Interviews with these people as well as internal documents and other material from Outcome reviewed by The Wall Street Journal show how some employees misled pharmaceutical companies by charging them for ad placements on more video screens than the startup had installed.

Some Outcome employees also provided inflated data to measure how well ads performed, created documents that inaccurately verified that ads ran on certain doctors' screens and manipulated third-party analyses showing the effectiveness of the ads, according to some of these people and documents.

"We are proud of the company we and our employees have built," said Mr. Shah and Outcome President Shradha Agarwal :crap:, in an emailed statement responding to questions about Outcome employees' alleged misleading of clients. "Of course, we have had growing pains as we scaled from 4,000 to 40,000 doctors' offices--every high-growth company does. That is why we have taken many steps to implement best practices."

https://www.wsj.com/articles/outcome-a-hot-tech-startup-misled-advertisers-with-manipulated-information-sources-say-1507834627?mod=djemalertNEWS


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Fraud in tech is extremely rampant these days.



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