Two Indian Americans convicted in $1 billion corporate fraud

Two Indian American executives of a Chicago-based health technology startup have been convicted for their roles in a $1 billion fraud scheme that targeted the company’s clients, lenders, and investors. Rishi Shah, 37, co-founder and former CEO, Shradha Agarwal, 37, former president, and Brad Purdy, 33, former chief operating officer, were convicted of defrauding Outcome Health’s lenders and investors.