The former CEO and co-founder of Outcome Health — once a star of Chicago’s tech scene — was sentenced to 7 ½ years in prison on Wednesday, more than a year after he was found guilty of fraud. Before sentencing Rishi Shah, U.S. District Judge Thomas Durkin told Shah the fraud was “not a single mistake or out-of-character impulsive moment.” “A lot of this I believe was driven by greed … dreams of being a big shot,” Durkin said. Government prosecutors had asked Durkin to give Shah 15 years in prison, calling him “the architect” of a $1 billion fraud.

BING NEWS:
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    09/19/2024 - 6:51 am | View Link
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  • Former Outcome Health exec Ashik Desai, star witness in trial, sentenced to 7 months in prison
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    09/19/2024 - 2:38 am | View Link
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    The former leader of Outcome Health — who was recently sentenced to 7 ½ years in prison for his role in fraud at the company — will remain out of prison on bail pending his appeal, a federal judge ...
    09/16/2024 - 11:36 am | View Link
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