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  1. www.chicagobusiness.com › technology › outcomeOutcome Health's Shradha Agarwal gets no jail time for fraud ...

    Jun 27, 2024 · Agarwal made a tearful statement to Durkin before he imposed sentence, saying, “I carry deep pain for the harm I caused to (customers, investors and employees). . . .I failed them.

  2. www.thehindu.com › news › nationalHaldiram owner, four others sentenced to life - The Hindu

    Jan 29, 2010 · Haldiram Bhujiawala proprietor Prabhu Shankar Agarwal was on Friday sentenced to life imprisonment along with four others by a fast track court for conspiring to kill a tea stall owner, whose...

  3. www.usatoday.com › story › moneyFormer Outcome Health executives found guilty of $1 billion ...

    • Rishi Shah, Others Found Guilty
    • Overstating Company Revenue
    • Defendant Attorney 'Profoundly disappointed'

    The three executives convicted by the jury this week are: 1. Rishi Shah, co-founder and former CEO, who was convicted of five counts of mail fraud, 10 counts of wire fraud, two counts of bank fraud and two counts of money laundering. 2. Shradha Agarwal, former president, who was convicted of five counts of mail fraud, eight counts of wire fraud and...

    See full list on usatoday.com

    The three executives also were found guilty of defrauding Outcome’s lenders and investors by overstating company revenue in 2015 and 2016. The Justice Department says Purdy caused others to “fabricate data to conceal the under-deliveries from the auditor.” Outcome went on to use the inflated revenue figures to raise $475 million through two rounds ...

    See full list on usatoday.com

    Defense attorneys argued that the blame should fall on another former official, Desai, who pleaded guilty to wire fraud and testified against the three former executives. A spokesman for Shah said Tuesday that he plans to appeal and “will exhaust every avenue to overturn this result.” Lawyers for Agarwal said they will be reviewing the verdict and ...

    See full list on usatoday.com

    • Bailey Schulz
    • Money Reporter

  4. www.indiatoday.in › world › indians-abroad2 Indian-Americans sentenced for 1 billion dollar fraud at ...

    Jul 2, 2024 · Shradha Agarwal sentenced to 3 years halfway house. Two Indian-origin people, the former executives of a Chicago-based health technology start-up company, were sentenced on charges of being involved in a fraud scheme allegedly targetting the company's clients, lenders, and investors.

    • World, Indians Abroad

  5. www.livemint.com › news › worldIndian-origin US entrepreneurs get convicted for $1 billion ...

    Apr 14, 2023 · Two Indian-origin executives of Outcome Health, a Chicago-based health technology start-up, have been found guilty by a federal jury in the US of operating a corporate fraud scheme that victimised...

    • Sounak Mukhopadhyay

  6. www.deccanherald.com › india › haldiram-ownerHaldiram owner sentenced to life for murder conspiracy

    Jan 29, 2010 · A fast track court here on Friday awarded life sentences to Prabhu Shankar Agarwal, owner of the Rs.500 crore Haldiram food chain, and four others for conspiring to kill a tea stall owner in...

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  8. www.chicagotribune.com › 2024/06/17 › prosecutorsProsecutors recommend 15 years in prison for former Outcome ...

    Jun 17, 2024 · Former Outcome CEO and co-founder Rishi Shah is scheduled to be sentenced June 25, after a jury found him guilty on 19 of 22 counts in April 2023. Co-founder and former President Shradha...