Article

2018-03-15 -Lurid Crime Tales-

[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 2018-03-15 00:00|| || Front Page|| [11131 views ] Top

#1 'Sunny' Balwani got out early.

Bill in mid-grope:

Posted by Skidmark 2018-03-15 07:11|| 2018-03-15 07:11|| Front Page Top

#2 Should've stayed in academia - nobody would ever notice anything wrong.

Posted by g(r)omgoru 2018-03-15 07:44|| 2018-03-15 07:44|| Front Page Top

#3 CNBC Tech news

Posted by Skidmark 2018-03-15 08:00|| 2018-03-15 08:00|| Front Page Top

#4 21 Surprising Facts About ~~Billionaire Entrepreneur~~ Elizabeth Holmes

Posted by Skidmark 2018-03-15 08:08|| 2018-03-15 08:08|| Front Page Top

#5 When is the Clinton Foundation going to cough up its phlegm?

Posted by JohnQC 2018-03-15 10:28|| 2018-03-15 10:28|| Front Page Top

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