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.
Similar Stories to Former Outcome Health Ceo Rishi Shah Sentenced To 7 ½ Years In Prison For Role In Fraud on Bing News
Lisa Schencker, Chicago Tribune: Business
Wed, 06/26/2024 - 3:43pm
Topics: rishi shah u.s district judge thomas durkin u.s probation office u.s solicitor general neal katyal in health shah president shradha agarwal chief operating officer chief financial officer northwestern university tvs forbes americans outcome s wall street journal september shah s richard finneran yes finneran william burck this mark lawrence spothero rishi s his george bousis during justin ishbia shore capital partners earlier agarwal s kathryn choi oliver han october ceo outcome health i chicago shah shah durkin in a government i agarwal shradha agarwal brad purdy desai shah finneran han fraud company wednesday prosecutors wrote money attorneys told lenders entrepreneurs co-founder analyst argued jury scheduled pleaded fast careers overstated founder asked tech memo attorney appeal revenue losses problems leaders tremendous person doctors tablets ads fall began alleged
BING NEWS:
- Second former Outcome Health analyst sentenced to probation, won’t go to prison
A former analyst at Outcome Health won’t serve time in prison for his role in a $1 billion fraud scheme at the once-lauded Chicago company, a federal judge decided Tuesday. U.S. District Court Judge ...
10/30/2024 - 9:16 am | View Link - Second former Outcome Health analyst sentenced to probation, won’t go to prison
A former analyst at Outcome Health won’t serve time in prison for his role in a $1 billion ... Court Judge Thomas Durkin sentenced Oliver Han to three years of probation and 200 hours of ...
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 - More
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