Theranos, founder Elizabeth Holmes, former president charged with 'massive fraud'
Wednesday, 14 March 2018 () Theranos Inc, founder Elizabeth Holmes and former President Ramesh "Sunny" Balwani were charged Wednesday by the Securities and Exchange Commission with conducting "an elaborate, years-long fraud" that raised $700 million around their needles-less blood diagnostics company. Theranos and Holmes have agreed to "resolve" the charges against them, the agency said in a statement.
For now, Elizabeth Holmes, Founder and CEO of Theranos, says she plans to stay on in that role at the company. But the criminal investigation is still ongoing, and indictments could follow, says John.. Source: GOBankingRates -
For now, Elizabeth Holmes, Founder and CEO of Theranos, says she plans to stay on in that role at the company. But the criminal investigation is still ongoing, and indictments could follow, says John.. Source: Cheddar Inc. -
Theranos founder Elizabeth Holmes, who promised to revolutionize blood testing, has been charged by the SEC with a "massive fraud" involving more than $700 million. Devin Fehely reports. (3/14/18) Source: CBS 5 SF KPIX -
Elizabeth Holmes, chief executive of Theranos, a biotech company that promised investors that its technology could analyze blood using just a few drops, has been charged by the SEC with fraud. Source: The Washington Post - Affiliate -
Theranos and its founder, once a Silicon Valley darling who set out to shake up the blood testing industry with the prick of a finger, agreed to settle "massive fraud" charges,.. Source: Rumble -
Theranos founder and CEO Elizabeth Holmes defrauded investors in raising more than $700 million in funding for her blood-testing startup, the U.S. Securities and Exchange Commission said on Wednesday... Source: CBS2 LA -
Theranos Founder Elizabeth Holmes
Charged with Fraud On Wednesday, the Securities and Exchange Commission announced the charges against Holmes and Theranos president Ramesh Balwani. Securities and.. Source: Wibbitz Top Stories -