Indian-American Man’s ₹ 8,300 Crore Fraud Scheme Shakes Top US Investors

Rishi Shah, co-founder of Outcome Health, has been sentenced to 7.5 years in prison for a $1 billion fraud scheme. The Indian-American businessman’s company, which placed health ads in doctors’ offices, deceived high-profile investors like Goldman Sachs and Alphabet. Shah and his co-conspirators inflated ad sales and fabricated data, leading to a meteoric rise before their fraudulent activities were exposed. The case is considered one of the largest corporate frauds in recent history. Source: NDTV