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-Lurid Crime Tales-
Theranos chief charged with fraud
2018-03-15
[DailyMail] Elizabeth Holmes, the chief executive of the blood-testing company Theranos, has been charged by US securities regulators with an 'elaborate, years-long fraud.'

The SEC charged Holmes, 34, and former Theranos president Ramesh Balwani Wednesday with raising more than $700million by exaggerating or lying about the business and its technology.

The pair made a deal to settle the case against them, with the penalty including her surrendering majority voting control of the company, according to a statement by the US Securities and Exchange Commission.

Holmes will pay $500,000 as per the terms of her deal with the government.
Much more at the link
Posted by:badanov

#5  When is the Clinton Foundation going to cough up its phlegm?
Posted by: JohnQC   2018-03-15 10:28  

#4  21 Surprising Facts About Billionaire Entrepreneur Elizabeth Holmes
Posted by: Skidmark   2018-03-15 08:08  

#3  CNBC Tech news
Posted by: Skidmark   2018-03-15 08:00  

#2  Should've stayed in academia - nobody would ever notice anything wrong.
Posted by: g(r)omgoru   2018-03-15 07:44  

#1  'Sunny' Balwani got out early.

Bill in mid-grope:
Posted by: Skidmark   2018-03-15 07:11  

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