High-profile executives convicted of billion-dollar fraud schemes.
Rishi Shah, the founder and former CEO of Outcome Health, has been found guilty of mail fraud, wire fraud, bank fraud, and money laundering. Outcome Health, a health tech unicorn, was once valued at $5.5 billion and raised funding from investors such as Goldman Sachs and Alphabet's CapitalG. Shah and two other former executives could face decades in jail, with sentencing to come later. The company's downfall began in 2017 when it was accused of misleading pharma companies by charging them for ad placements on more video screens than it had installed.