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Theranos, founder Elizabeth Holmes, former president charged with 'massive fraud'

bizjournals 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.
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News video: Theranos' Founder Settles SEC Lawsuit, Forfeits Company Control

▶ Theranos' Founder Settles SEC Lawsuit, Forfeits Company Control 00:39

Theranos' founder Elizabeth Holmes was charged with &quot;massive fraud.&quot;

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