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Indian-origin executives convicted on $1 billion corporate fraud charges in US

Shortpedia
Content Team
Image Credit: NewsBytes

A federal jury in the United States convicted two Indian-origin executives of Outcome Health, a Chicago-based start-up, of running a $1 billion corporate fraud scheme that targeted clients, lenders, and investors. After a 10-week trial, jurors found co-founders Rishi Shah and Shradha Agarwal guilty on multiple counts, according to PTI. Brad Purdy, the company's former chief operating officer, was also convicted in the case.


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