Indian-American & ex-Billionaire Rishi Shah Sentenced to 7.5 Years Jail for $1 Billion Fraud at Advertising Startup Outcome Health with Investors Including Goldman Sachs, Alphabet (Google) & Pritzker Group, Outcome Health Provides Ads on Televisions & Offices of Doctors, Sold Ads & Collected Money But Ads Were Never Placed, Misrepresented Financial Status of Company to Investors, Spent Money on Weekend Trips on Private Jets & Yachts and Bought a $10 Million House, Rishi Shah Convicted in 2023 April Alongside Outcome Health President & Co-Founder Shradha Agarwal and CFO Brad Purdy, Fraud Exposed by Wall Street Journal in 2017
4th July 2024 | Hong Kong
Indian-American & ex-billionaire Rishi Shah has been sentenced to 7.5 years jail for $1 billion fraud at advertising startup Outcome Health with investors including Goldman Sachs, Alphabet (Google) & Pritzker Group. Rishi Shah is the co-founder, Chairman & CEO of Outcome Health, which provides ads on televisions & offices of doctors. Outcome Health sold ads & collected money but the ads were never placed. Outcome Health had also misrepresented the financial status of the company to investors. Rishi Shah spent the money on weekend trips on private jets & yachts, and bought a $10 million house. Rishi Shah was convicted in 2023 April alongside Outcome Health President & co-founder Shradha Agarwal, and CFO Brad Purdy. The fraud was exposed by Wall Street Journal in 2017.
“ Indian-American & ex-Billionaire Rishi Shah Sentenced to 7.5 Years Jail for $1 Billion Fraud at Advertising Startup Outcome Health with Investors Including Goldman Sachs, Alphabet (Google) & Pritzker Group, Outcome Health Provides Ads on Televisions & Offices of Doctors, Sold Ads & Collected Money But Ads Were Never Placed, Misrepresented Financial Status of Company to Investors, Spent Money on Weekend Trips on Private Jets & Yachts and Bought a $10 Million House, Rishi Shah Convicted in 2023 April Alongside Outcome Health President & Co-Founder Shradha Agarwal and CFO Brad Purdy, Fraud Exposed by Wall Street Journal in 2017 “
Indian-American & ex-Billionaire Rishi Shah Sentenced to 7.5 Years Jail for $1 Billion Fraud at Advertising Startup Outcome Health with Investors Including Goldman Sachs, Alphabet (Google) & Pritzker Group, Outcome Health Provides Ads on Televisions & Offices of Doctors, Sold Ads & Collected Money But Ads Were Never Placed, Misrepresented Financial Status of Company to Investors, Spent Money on Weekend Trips on Private Jets & Yachts and Bought a $10 Million House, Rishi Shah Convicted in 2023 April Alongside Outcome Health President & Co-Founder Shradha Agarwal and CFO Brad Purdy, Fraud Exposed by Wall Street Journal in 2017
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit