Rishi Shah And Shradha Agarwal, So far, much of the spotlight

Rishi Shah And Shradha Agarwal, So far, much of the spotlight in the Outcome Health trial has focused on co-founders Rishi Shah and Shradha Agarwal, who were once stars of Chicago’s tech community. Former Chief Executive Rishi Shah, former President Shradha Agarwal, and two other former executives of the pharmaceutical advertising company were charged with fraud in a 26-count indictment in RT UNITED STATES OF AMERICA, v. Jul 1, 2024 · Rishi Shah, 38, a co-founder and former CEO of Outcome, was sentenced on June 26 to seven years and six months in prison. Rishi Shah, 37, the co-founder and former CEO of Outcome Health (Outcome), which was founded in 2006 and known as Context Media prior to January 2017; Shradha Agarwal, 37, the former president of Outcome, who was described as a co-founder; and Brad Purdy, 33, the former chief operating officer and chief financial officer. [14][15] Outcome Health was founded in 2006 by Rishi Shah and Shradha Agarwal under the name Context Media. Jun 26, 2024 · Jurors convicted Shah on multiple fraud counts last year alongside fellow ex-tech execs Shradha Agarwal and Brad Purdy. 5 million with Shah as CEO, ranking it as the 6th Two judges on the Seventh Circuit panel hearing former Outcome CEO Rishi Shah and former cofounder Shradha Agarwal's retrial bid appeared skeptical during oral argument that a lower court was right to find that the executives had enough pretrial notice and thus should not have waited until post-conviction proceedings to challenge prosecutors Outcome Health was founded in 2006 by Rishi Shah and Shradha Agarwal under the name Context Media. Rishi Shah, OH’s former chief executive, and Brad Purdy, its former chief financial officer, will serve seven and half years and two years and three months, respectively, in prison, the Department of Justice (DOJ) announced Monday in a press release. Rishi Shah, 33, of Chicago, Illinois, the co-founder and CEO of Outcome Health, which was known as ContextMedia prior to January 2017; Shradha Agarwal, 34, of Chicago, the president of Outcome Health, who was branded as a co-founder; Former Outcome CEO and co-founder Rishi Shah and former co-founder and President Shradha Agarwal filed their notices appeal on Monday and Friday, respectively. (Photos | LinkedIn) United States v. purchased Outcome Health in 2019, and then sold it two years later to a portfolio company of L Catterton, Searchlight Capital Partners and Silver Point Outcome Health founders Rishi Shah and Shradha Agarwal and its former CFO Brad Purdy were all convicted of several counts of fraud on Tuesday. Outcome Health co-founder and former CEO Rishi Shah and co-founder and former president Shradha Agarwal were found guilty. Indian-origin start-up executives convicted of $1 billion fraud in US Outcome Health co-founder and former CEO Rishi Shah, and Shradha Agarwal, co-founder and former president, were both found guilty. Jul 2, 2024 · 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. Jurors found health technology company Outcome Health co-founder and former CEO Rishi Shah, co-founder and former president Shradha Agarwal guilty. Jurors convicted Shah on multiple fraud counts last Founders Shradha Agarwal (President) and Rishi Shah (CEO) bootstrapped the business and as of yet have no intention of raising capital. The two convicts were former executives and co-founders of After a 10-week-long trial, the jurors found Rishi Shah, the co-founder and former CEO, guilty on 19 of 22 counts, Shradha Agarwal, the co-founder and former president, guilty on 15 of 17 counts A federal jury yesterday (Apr. RISHI SHAH; SHRADHA AGARWAL; BRAD PURDY; and ASHIK DESAI. BRAD PURDY, 30, of San Francisco, Calif. U. American businessman Career Shah developed a business plan for ContextMedia at Northwestern with classmates Derek Moeller and Shradha Agarwal in 2006 to distribute health educational content to doctors' offices and waiting rooms monetized by ad revenue from pharmaceutical companies. She joined Rishi Shah, her co-founder and co-defendant, and chose the latter. S. A federal jury convicted Rishi Shah, the co-founder and former CEO of Outcome Health, Shradha Agarwal, the former president of Outcome, and Brad Purdy, the former COO and CFO, for their roles in a After Shah and former president and co-founder Shradha Agarwal were convicted of fraud, their attorneys asked for a new trial or dismissal of the indictments against them, arguing that they were In the lead up to the Capital Raise, Rishi Shah (Outcome’s CEO), Shradha Agarwal (Outcome’s President), Brad Purdy (Outcome’s CFO/COO), and Ashik Desai (Outcome’s Executive Vice President of Business Growth and Analytics) portrayed Outcome as an overwhelming success. 3 million the government froze as part of a $1 billion fraud case playing out in Chicago federal court. Chicago-based Outcome Health and the company's executives have been embroiled in a severe $1bn fraud case. Purdy “was at the center of the fraud that Rishi Shah and Shradha Agarwal began” and “could have stopped it,” prosecutors wrote. A jury trial is set for 2022. Outcome Health co-founders Shradha Agarwal, left, and Rishi Shah have pleaded not guilty in connection with an alleged fraud scheme. Jurors found Outcome Health co-founder and former CEO Rishi Shah guilty on 19 of 22 counts, co-founder and former president Shradha Agarwal guilty on 15 of 17 counts and former chief operating Brad Purdy, the former chief operations officer, was found guilty on 13 of 15 counts while Rishi Shah, the co-founder and former CEO, and Shradha Agarwal, the co-founder and former president, were While a federal jury found co-founder and former CEO of health technology company Outcome Health, Rishi Shah (37), guilty on 19 of 22 counts, they found co-founder Shradha Agarwal (37) guilty on Earlier this week, a federal jury convicted Shah along with cofounder and former president of Outcome Health Shradha Agarwal and former Chief Operating Officer and Chief Financial Officer Brad Purdy. 24, 2023. Yet investors plowed money in anyway and even allowed Outcome Health’s co-founders, Mr. Shah, 37, was convicted of five counts of mail Rishi Shah and Shradha Agarwal wanted $10 million in seized assets freed for their legal fees. Prosecutors say there was plenty of evidence for jury to convict Rishi Shah, Shradha Agarwal and Brad Purdy. A federal judge declined to overturn the fraud convictions of former Outcome Health executives Rishi Shah, Shradha Agarwal and Brad Purdy or to grant them new trials. The health technology start-up's three senior executives, Rishi Shah, Shradha Agarwal CHICAGO (CN) — Rishi Shah, co-founder of pharmaceutical advertising company Outcome Health and former darling of Chicago’s finance tech scene, received a 7 1/2-year sentence in federal court Wednesday following a two-day sentencing hearing. Shradha Agarwal and Rishi Shah, along with two other former executives of the health care ad-tech firm, are named in the 26-count complaint. Shradha Agarwal, OH’s former president, will serve three years in a half-way house. Sep 16, 2024 · Prosecutors ultimately alleged that Shah, Agarwal and a third executive, Brad Purdy, lied about how many doctors’ offices had screens and tablets running their content. They found co-founder and former President Shradha Agarwal guilty on 15 of 17 counts. Attorneys for Purdy say in court documents that he should be sentenced to no more than two years in prison, partly because he was in his 20s when he was at Outcome, and: “was caught up in something much Judge gives Rishi Shah 7. Shah and Shradha Agarwal, to cash out $225 million worth of shares. Jul 2, 2024 · The former co-founders of Outcome Health, a health tech firm, were sentenced for a $1 billion scheme that defrauded Google, Goldman Sachs and others. Rishi Shah, cofounder and former CEO, Shradha Agarwal, former president, and Brad Purdy, former chief operating officer and chief financial officer, were convicted for Shah partnered with Shradha Agarwal, and the company's valuation skyrocketed as it sought to bridge the communication gap between patients and healthcare providers with innovative ad placements Rishi Shah and Shradha Agarwal of US-based health intelligence company Outcome Health made news recently for featuring in the Hurun Global Rich of List of youngest self-made billionaires this year. 5 years in prison, and says the quiet parts out loud Outcome Health co-founder's immigrant status creates sentencing snag Feds will seize Rishi Shah's $8 million mansion Shradha Agarwal, a former executive of Outcome- a Chicago-based health tech firm, was sentenced with three years in a half way house for the fraud, while Rishi Shah was sentenced for 7 years and six months in prison. A judge says the funds came from the fraud they're accused of committing. . Prioritizing the arguments differently in their briefs — made public this week — former Outcome CEO Rishi Shah and co-founder Shradha Agarwal told the Seventh Circuit that the government's admitted over-restraint warrants at least vacating the verdict against them because it unconstitutionally kept them from hiring their preferred lawyers A federal jury found three former executives of health tech company Outcome Health guilty of multiple counts of fraud on Tuesday. Alongside Shah, Outcome Health co-founder Shradha Agarwal and former COO Brad Purdy were also found guilty, with their sentencing scheduled for later in the same week. The Chicago Tribune reported that jurors found Outcome Health co-founder and former CEO Rishi Shah guilty on 19 of 22 counts, co-founder and former president Shradha Agarwal guilty on 15 of 17 counts and former chief operating officer Brad Purdy guilty on 13 of 15 counts. 5 years in prison, and says the quiet parts out loud Outcome Health co-founder Shradha Agarwal gets no jail time in fraud case Feds will seize Rishi Shah's $8 million mansion Outcome Health co-founders Rishi Shah and Shradha Agarwal and ex-COO Brad Purdy were convicted of defrauding customers and investors. Jun 27, 2024 · Former Outcome Health CEO Rishi Shah supported a “jet-set lifestyle” with “a massive fraud scheme,” prosecutors said. Two Indian-origin people, Rishi Shah and Shradha Agarwal, who are former executives of Chicago-based health technology start-up company Outcome Health, were sentenced on charges of being involved in a fraud scheme allegedly targeting the company's clients, lenders, and investors. Courthouse after being sentenced to three years in a halfway house on June 27, 2024. A US court has sentenced Rishi Shah, an Indian American businessman and a former billionaire, to seven-and-a-half years in prison for committing a $1 billion (Rs 8,300 crore) fraud scheme wherein several high-profile investors were targeted. 11) convicted Outcome Health’s two co-founders—former CEO Rishi Shah, former president Shradha Agarwal—and former chief operating officer and chief financial Jury members found Outcome co-founder and former CEO Rishi Shah guilty on 19 of 22 counts. Shradha Agarwal, 38, a co-founder and former president of Outcome, was sentenced yesterday to three years in a half-way house. The three defendants — former Outcome Health CEO Rishi Shah, President Shradha Agarwal and executive Brad Purdy — are on trial in Chicago, charged with bank fraud, mail fraud and wire fraud. Shradha Agarwal, the co-founder and president of Outcome Health, leaves Dirksen U. Clients: Rishi Shah (co-founder and former CEO), Shradha Agarwal (co-founder and former president), and Brad Purdy (former COO and CFO) allegedly sold advertising clients space on devices in Shah and former Outcome Health president, Shradha Agarwal, want to access $10. 7 ContextMedia grew revenues 2,965% from 2010 to 2015 to $63. ” Former Outcome Health President Shradha Agarwal arrives for her criminal fraud trial on Jan. District Judge Thomas Durkin, who handed down the sentence, further ordered that Shah serve three years of supervised release after he gets out of prison. Also worth noting is that Shah was a very active angel investor who at one point co-founded a firm with fellow Outcome convict Shradha Agarwal. 5 years in prison for his role in a $1 billion fraud scheme. They sold fake ads and under-delivered on campaigns to clients. Jurors found health technology company Outcome Health co-founders Rishi Shah and Shradha Agarwal, and former chief operating officer Brad Purdy guilty. Rishi Shah and Shradha Agarwal Brief of the National Association of Criminal Defense Lawyers and Illinois Association of Criminal Defense Lawyers as Amici Curiae in Support of Defendants-Appellants April 11, 2025 Rishi Shah and Shradha Agarwal, once the shining hope of Chicago’s startup scene, are the latest founders to face serious jail time if convicted of fraud. An explainer on how Rishi Shah's Outcome Health fabricated a billion-dollar scam by fooling investors and pharma companies. , the chief operating officer and chief financial officer. Two Indian-origin executives of a Chicago-based start-up have been convicted by a federal jury in the US of running a $1 billion corporate fraud scheme that targeted the company’s clients, lenders, and investors. But on Monday, an attorne… Rishi Shah, 38, a co-founder and former CEO of Outcome, was sentenced on June 26 to seven years and six months in prison. Following a 10-week-long trial, jurors on Tuesday found health technology company Outcome Health co-founder and former CEO Rishi Shah and former president Shradha Agarwal guilty. Two judges on the Seventh Circuit panel hearing former Outcome CEO Rishi Shah and former cofounder Shradha Agarwal's retrial bid appeared skeptical during oral argument that a lower court was [13] On June 25, 2024, Shah was sentenced to 7. More Judge gives Rishi Shah 7. Cap table: Private equity firm Littlejohn & Co. Starting in the second half of 2016, they regaled investors with RISHI SHAH, 33, of Chicago, the co-founder and CEO of Outcome Health, which was known as ContextMedia prior to January 2017. Its core business involved placing wall-mounted televisions and tablets in physicians' waiting and exam rooms. Outcome Health co-founder and former CEO Rishi Shah & co-founder and former president Shradha Agarwal. Jul 2, 2024 · Two Indian-origin people, Rishi Shah and Shradha Agarwal, who are former executives of Chicago-based health technology start-up company Outcome Health, were sentenced on charges of being involved in a fraud scheme allegedly targeting the company's clients, lenders and investors. SHRADHA AGARWAL, 34, of Chicago, the president of Outcome Health, who was branded as a co-founder. ldaqc, f2owd, unwj, q6hzt, gobai, yr7qb, wh6dt, v63kb, 4aozsu, prvj,