SEC charges Theranos CEO Elizabeth Holmes and former president Ramesh Balwani with defrauding investors by raising $700M+ through "elaborate, years-long fraud" (U.S. Securities and Exchange Commission)
U.S. Securities and Exchange Commission:
SEC charges Theranos CEO Elizabeth Holmes and former president Ramesh Balwani with defrauding investors by raising $700M+ through “elaborate, years-long fraud” — Holmes Stripped of Control of Company for Defrauding Investors — The Securities and Exchange Commission today …
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