Tag Archives: Legal Proceedings

Indian-American Businessman Rishi Shah Sentenced to Prison for $1 Billion Fraud Scheme

Indian-American Businessman Rishi Shah Sentenced to Prison for $1 Billion Fraud Scheme

In a landmark verdict, Indian-American entrepreneur Rishi Shah, co-founder of Outcome Health, has been sentenced to seven and a half years in prison by a US court. The sentencing comes in the wake of a massive $1 billion fraud scheme that has rattled high-profile investors including Goldman Sachs Group Inc., Alphabet Inc. (Google's parent company), and Illinois Governor JB Pritzker's venture capital firm.

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