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Breaking down the Breaking Rishi Shah Story, A rising star in the tech world, has been sentenced to 7.5 years in prison for a massive $1 billion fraud scheme. Here's the breakdown: Who: Rishi Shah, 38, co-founder of Outcome Health, a Chicago-based health tech startup. What happened: Shah and his co-founders were convicted of defrauding clients, lenders, and investors by lying about Outcome's performance and finances. The scheme: They sold more ad inventory than they could deliver and faked data to cover it up. Consequences: Shah: 7.5 years in prison Shradha Agarwal (co-founder): 3 years in a halfway house Brad Purdy (co-founder): 2 years and 3 months in prison Prosecutors wanted 15 years for Shah, calling him the "driving force" behind the fraud. Lifestyle: Shah lived large with exotic trips, private jets, yachts, and a $10 million home. Big names involved: The fraud hit major investors like Goldman Sachs, Alphabet, and Illinois Governor JB Pritzker's VC firm.
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Zilingo founder Ankiti Bose has filed a First Information Report (FIR) with Mumbai police, accusing two of the company's top executives, co-founder Dhruv Kapoor and former Chief Operating Officer (COO) Aadi Vaidya, of cheating, fraud, criminal intimi
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โPump and Dump stock Price Scheme โ Big Fat Corporate Scandal #4 Satyam Computers Scam Satyam Computers was founded by Ramalinga Raju as software development and IT consulting company in 1987.The company was listed on both the Indian stock exchang
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Mafia series #2 THE FLIPKART MAFIA โ Mukesh Bansal : Founder of mynrta โ Ankit Nagori : Co Founder of Curefit โ Sammer Nigam : Founder of Phonepe โ Rahul Chari : Co-founder of phonepe โ Vaibhav Gupta : Co-founder of Udaan โ Amod malviya : Co
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LightFury Games, a gaming firm co-founded by former Unacademy chief marketing officer Karan Shroff, on July 9, unveiled its first studio in Bengaluru. The development comes after the startup raised $8.5 million in a seed funding round in April led b
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