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Rishi Shah, an Indian-American businessman, has been sentenced to seven and a half years in prison for a Rs 8,300 crore ($1 billion) fraud involving his advertising startup. The fraud scheme deceived high-profile investors such as Goldman Sachs Group Inc, Google parent Alphabet Inc and Illinois Governor JB Pritzker’s venture capital firm. Mr Shah, the…
New Zealand’s conservative coalition government will proceed with a bill that would make it compulsory for digital technology platforms to pay media companies for news, it said on Tuesday. The bill is being introduced as New Zealand media companies struggle against technology firms for advertising dollars, leading them to find new ways to provide news…
Hurricane Beryl strengthened into a top-level category 5 storm late Monday after it swept across several islands in the southeastern Caribbean, dumping heavy rain and unleashing devastating winds. Beryl is now the earliest category 5 storm in the Atlantic on record, and has developed into a “potentially catastrophic” hurricane with maximum sustained winds of 160…
Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder. The move came as Microsoft shares rose to a fresh record, bringing their total gain this year to 21%. The company, through…
US President Joe Biden’s son Hunter is suing right-wing Fox News for airing nude images of him in a miniseries that he claims amount to “revenge porn,” court documents showed Monday. “The Trial of Hunter Biden” was made up of six episodes published in 2022 on Fox Nation, the conservative broadcaster’s online platform owned by…
Social media platform X owner Elon Musk on Monday slammed US Vice President Kamala Harris for “lying” about former president Donald Trump’s stance on abortion ban. In a post on X (formerly Twitter) on Monday, Harris said that Trump, who is running against Joe Biden in the November 5 US presidential election, “would ban abortion…
Israel on Monday freed the head of Gaza’s biggest hospital who said he was tortured during seven months in detention, but Prime Minister Benjamin Netanyahu soon after criticised the release as a “serious mistake”. Tensions over the freeing of Al-Shifa hospital director Mohammed Abu Salmiya became public almost as soon as he was sent back…
An Indian-American businessman Rishi Shah, the former billionaire cofounder of Outcome Health, has been sentenced to seven and a half years in prison by a US court. The saga involves a Rs 8,300 crore ($1 billion) fraud scheme that shook high-profile investors like Goldman Sachs Group Inc., Google parent Alphabet Inc., and Illinois Governor JB…
 A 51-year-old Indian American physician from the Chicago area has pleaded guilty to a federal healthcare fraud by billing Medicaid and private insurers for nonexistent services. Mona Ghosh, who owns and operates Progressive Women’s Healthcare, specialising in obstetrics and gynaecology services, pleaded guilty to two counts of health care fraud. Each count is punishable by…
President Joe Biden warned on Monday that the US Supreme Court’s landmark ruling on presidential immunity sets a “dangerous precedent” that Donald Trump would exploit if elected in November. “For all practical purposes today’s decision almost certainly means there are no limits to what a president can do. This is a fundamentally new principle, and…
