Theranos founder Elizabeth Holmes, former president charged by SEC with ' massive fraud '

The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.” Along with former Theranos President Ramesh “Sunny” Balwani, Holmes has been charged with raising over $700 million from investors “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and fin ancial performance.”
Source: mobihealthnews - Category: Information Technology Source Type: news