πŸ‡ΊπŸ‡Έ

Founder of Theranos Charged by Fraud by SEC

Wochit - March 14, 2018

Elizabeth Holmes and Ramesh Balwani have been charged by the Securities Exchange Commission for committing a massive fraud.

Holmes and Balwani formerly ran the blood-testing startup Theranos.

Complaints cited by the SEC allege that company exaggerated their developments for a portable health analyzer.

But the SEC claims that years of elaborate fraud allowed Theranos and its principals to raise over $700 million.

Advertisement

You might like