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Wednesday, July 3, 2024

Who is Rishi Shah? Indian-American billionaire gets 7.5-year prison for defrauding investors Goldman, Google

Bloomberg | Posted by
A former jet-setting Chicago billionaire was sentenced to seven and a half years in prison for a $1 billion fraud at an advertising startup.
Indian-American Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors’ offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year.
Indian-American Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors’ offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year.

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