Rishi Shah Sentenced for $1 Billion Fraud Scheme Deceiving Top US Investors

The Outcome Health co-founder received seven and a half years in prison for defrauding clients, investors, and lenders.

Rishi Shah, along with co-founders Shradha Agarwal and Brad Purdy, misled investors about Outcome Health's financial health.
The fraudulent activities included selling non-existent ad inventory and fabricating data to cover shortfalls.
High-profile investors such as Goldman Sachs and Alphabet were among those deceived.
Outcome Health raised substantial funds based on inflated revenue figures, leading to significant dividends for Shah and Agarwal.
The case highlights the severe legal repercussions for corporate fraud and the importance of transparency in business practices.