This Indian-American ex-billionaire frauded Google, Goldman; gets 7.5-year sentence – Times of India ...Middle East

38-year-old Rishi Shah co-founded Outcome Health , a startup that provided advertisement on TVs in doctors’ offices. His investors included Goldman Sachs Group, Goggle parent Alphabet etc making him a billionaire in Chicago, but it was all a fraud as the company sold more ads that it could broadcast and lied to clients like pharmaceutical giant Novo Nordisk A/S about the size of its network of TV in doctors’ offices, Bloomberg reported.Shah was convicted in April 2023 along with company president and co-founder Shradha Agarwal and CFO Brad Purdy. In 2017, the fraud came to light after the investors sued Shah’s Outcome claiming fraud tied to a a $487.5 million fundraising tha

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