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★ Forbes 30U30 2016✅ Convicted
RISHI SHAH
Outcome Health · 2017
Healthcare advertising metrics fraud
Rishi Shah co-founded Outcome Health, placing digital screens in doctor offices and selling pharma advertising. The company raised $487.5M in 2017 from Goldman Sachs and Google at a $5.5B valuation. A 2017 WSJ investigation revealed the company overbilled pharma clients like AbbVie and Pfizer by inflating screen counts and patient impressions. Shah was convicted of wire fraud, bank fraud, and securities fraud in 2022 and sentenced to 7.5 years in federal prison in 2023.
Raised
$488M
Outcome
🔒 Prison
Prison
8 yrs
Investors
Goldman SachsGooglePritzker GroupBalyasny Asset Management