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Who Is Rishi Shah, Indian-American Jailed For ₹ 8,300 Crore Fraud In US Washington
- Location: Washington, District of Columbia, United States
New Delhi:
Rishi Shah, an Indian-American businessman, has been sentenced to seven and a half years in prison for a ₹ 8,300 crore ($1 billion) fraud involving his advertising startup. The fraud scheme deceived high-profile investors such as Goldman Sachs Group Inc, Google parent Alphabet Inc and Illinois Governor JB Pritzker's venture capital firm.
Mr Shah, the co-founder of Outcome Health, was indicted on over 12 counts of fraud and money laundering.
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