July 07, 2024 01:33 (IST)
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Indian-American businessman Rishi Shah, Shradha Agarwal sentenced for USD 1 billion fraud

Indian-American businessman Rishi Shah, Shradha Agarwal sentenced for USD 1 billion fraud

Indian-American entrepreneur Rishi Shah, a co-founder and former CEO of Outcome, was sentenced on June 26 to seven years and six months in prison for his role in a fraud scheme that targeted the company’s clients, lenders, and investors and involved approximately $1 billion in fraudulently obtained funds.