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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    10/30/2024 - 9:16 am | View Link
  • Second former Outcome Health analyst sentenced to probation, won’t go to prison
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    10/29/2024 - 1:01 pm | View Link
  • Former Outcome Health analyst sentenced to probation, avoiding prison time, for role in fraud scheme
    A former senior analyst at Outcome Health will avoid prison time, after a federal judge sentenced her Tuesday to three years of probation and 200 hours of community service for her role in what ...
    10/29/2024 - 9:19 am | View Link
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