<ul><li>Indian-American billionaire Rishi Shah, 38, co-founder of Outcome Health, has been sentenced to seven and a half years in prison for orchestrating a $1 billion fraud scheme.</li><li>Shah, convicted of fraud and money laundering, misled clients, lenders, and investors about the company's financial health. Prosecutors sought a 15-year sentence, highlighting Shah's extravagant lifestyle funded by fraudulent gains.</li><li>His co-founders, Shradha Agarwal and Brad Purdy, received lighter sentences. Outcome Health, once a rising star, fell from grace after the fraud was exposed, marking a significant case of corporate deception and its consequences.</li></ul>

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

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