Theranos founder no longer a billionaire

Theranos CEO Holmes and former president Balwani charged with massive fraud
  • Elizabeth Holmes, founder of embattled blood testing start-up Theranos, has been charged with "massive fraud," the Securities and Exchange Commission says.
  • The SEC alleges that Theranos raised more than $700 million from late 2013 to 2015 while deceiving investors.
  • Theranos says Holmes agreed to settle and pay a $500,000 fine and will be barred from serving as a director or officer of a public company for 10 years.

https://www.cnbc.com/2018/03/14/the...ident-balwani-charged-with-massive-fraud.html
 
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