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US Fraud: Indian-Origin People Convicted!
By: Tupaki Desk | 13 April 2023 11:02 PM IST
In shocking news, two Indian-origin people were found guilty of cheating customers to the tune of thousands of crores in the United States. A jury convicted them in the case. They are believed to have indulged in a corporate scam and cheated the customers and investors.
Two Indian people set up a startup in Chicago that deals with advertising work. They took money from the customers and clients for the advertisement but never delivered the work. The firm raised money in millions and the members of the firm used the money for personal use.
Rishi Shah, who co-founded the startup, and Shradha Agarwal, the former President of the firm were found guilty of the scam. The jury convicted them and the money laundering angle is also suspected. The Jury gave the order. Former chief operations officer, Brad Purdy was also found guilty in the case as he confessed to his crime.
Besides delays in delivering the products, the duo also overcharged advertising services worth $45 million. The company named Outcome Health has been indulging in wrongdoings since 2011. The hearing lasted for around 10 weeks and the jury ordered the conviction.
The two Indians reportedly had a good name in the region for their previous work. Based on the image, the investors came to the company and they cheated them. They have cheated them for around $1 billion. They might face around 30 years in jail for fraud in the worst case.
Two Indian people set up a startup in Chicago that deals with advertising work. They took money from the customers and clients for the advertisement but never delivered the work. The firm raised money in millions and the members of the firm used the money for personal use.
Rishi Shah, who co-founded the startup, and Shradha Agarwal, the former President of the firm were found guilty of the scam. The jury convicted them and the money laundering angle is also suspected. The Jury gave the order. Former chief operations officer, Brad Purdy was also found guilty in the case as he confessed to his crime.
Besides delays in delivering the products, the duo also overcharged advertising services worth $45 million. The company named Outcome Health has been indulging in wrongdoings since 2011. The hearing lasted for around 10 weeks and the jury ordered the conviction.
The two Indians reportedly had a good name in the region for their previous work. Based on the image, the investors came to the company and they cheated them. They have cheated them for around $1 billion. They might face around 30 years in jail for fraud in the worst case.