Theranos CEO Elizabeth Holmes hit with federal criminal fraud charges

Elizabeth Holmes, the high-profile but secretive founder of blood testing company Theranos Inc., and her second in command, Ramesh "Sunny" Balwani, were charged with federal wire fraud, according to a grand jury indictment unsealed Friday. Holmes, who stepped down as CEO of the company earlier Friday, and Balwani were arraigned on the criminal charges in U.S. District Court in San Jose. Holmes and Balwani are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud,…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news