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theranos

Elizabeth Holmes criminal charges

Theranos CEO Elizabeth Holmes has gone from Forbes Rich List to criminal indictment in just 2 years

June 15th, 2018

Elizabeth Holmes, once regarded as health tech’s Steve Jobs, has wrapped up her high dive from grace with a gold medal-worthy entry into the water. Federal prosecutors indicted Holmes on criminal charges Friday afternoon, alleging that the Theranos founder defrauded investors, doctors and patients with their micro-blood-testing service that never really existed. Prosecutors also filed …

Elizabeth Holmes, Theranos, and SEC settlement

Disgraced blood-testing startup Theranos charged with ‘massive’ fraud by SEC

March 14th, 2018

Elizabeth Holmes and Ramesh Balwani, the former CEO and president of blood-testing startup Theranos, have been charged with what the Securities and Exchange Commission is calling a “massive fraud.” The agency states that Holmes and Balwani engaged in “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, …