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2 Indian Americans From Chicago Based Health Tech Start up Convicted in $1 Billion Scam
Rishi Shah, co-founder and former CEO and Shradha Agarwal, co-founder former president of Outcome Health convicted
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CHICAGO, IL- The defendants face a maximum penalty of 30 years in prison
Chicago-based health technology start-up company, has been convicted in a $1 billion fraud scheme targeting the company’s clients, lenders, and investors
Two former Indian American executives of Chicago based Outcome Health are convicted in a health care scam. Besides Rishi Shah and Shradha Agarwal, Brad Purdy, former COO and CFO has also been convicted by a federal jury. According to the trial evidence, the scheme targeting Outcome’s clients began in 2011, lasted until 2017, and resulted in at least $45 million of overbilled advertising services.
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