Indian-origin businessmen in America (USA) have been sentenced to jail after being found guilty of a billion-dollar scam. On this occasion, the court said that the startup, which was once the fastest-growing in Chicago, committed fraud.

Rishi Shah and Shraddha Aggarwal founded a health media company in 2006 called Outcome Health. This company has installed screens and tablets for doctors.

Among these, medical advertisements of various companies were broadcasted targeting patients. This creative idea got a good response in America. The company has won contracts across the country. In 2010, the country ranked high in tech and healthcare investments.

This attracted the attention of huge investors. Firms like Goldman Sachs, Alphabet, and JB Patricks Venture Capitals have made huge investments. By then, Shaw had become a star in Chicago corporate circles.

However, Rishi, Shraddha and CFO Brad Purdy found that the company's operational and financial activities were increasing.

It turns out that the company is selling more commercial inventory than it can deliver. Pharma giant Novo Nordisk and other companies have recognized this point. On the other hand, Shah's luxury lifestyle raised suspicions among investors.

He spent 10 million dollars and bought a house. The Wall Street Journal published an article on this whole affair in 2017. After that investors like Goldman Sachs and Alphabet filed a case in court.

Shah was booked in April 2023 on over a dozen counts of money laundering. The other two were also made partners in it. The court that heard the case sentenced Shah to seven years and six months from June 26, Shraddha to stay in a halfway house for three years from June 30, and Purdy to two years and three months. On the other hand, Shah admitted that he was ashamed of what he had done.