Judge likely to sentence former Outcome Health CEO Rishi Shah on Wednesday

Rishi Shah, former co-founder and CEO of Outcome Health, arrives at the Dirksen U.S. Courthouse for his sentencing on June 25, 2024. Shah was convicted of fraud last year. A federal judge will likely sentence former Outcome Health CEO Rishi Shah on Wednesday, after spending Tuesday hearing arguments and testimony about how much money clients and investors lost because of fraud at the company.of fraud after a 10-week-long trial last year.

The severity of Shah’s sentence could depend, in part, on how much money investors actually lost as part of the scheme. Government prosecutor Kyle Hankey, meanwhile, argued that Goldman Sachs’ investment in Outcome ultimately ended up being worth just 10% of what the investor originally paid, and that other investors likely suffered similar fates.

Durkin, however, expressed concern Tuesday over Agarwal’s potential imprisonment. Her attorneys have submitted declarations from experts saying that because Agarwal is not a U.S. citizen she would not likely be able to go to a minimum security prison, and would instead have to go to a prison with a higher level of security.

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