Theranos case: Prosecutors add a criminal fraud charge against Elizabeth Holmes
SAN JOSE, Calif. — Theranos founder Elizabeth Holmes, accused of cheating doctors, patients and investors with false claims about her blood-testing startup, is now charged with 12 counts of fraud, after federal prosecutors added a new charge.The 12th felony fraud charge was filed Friday in a new criminal indictment against Holmes that was just released in court records. The charge concerns a patient’s blood-test results, according to the indictment filed in U.S. District Court in San Jose, which did not provide specific details.Holmes, a Stanford University dropout, launched Theranos in 2003, ...
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US blood-testing startup Theranos to fold: WSJ
Washington (AFP) - The once high flying blood-testing start-up Theranos, accused with cheating investors, will dissolve, the Wall Street Journal reported Wednesday.It will seek to pay unsecured creditors its remaining cash in coming months, the Journal said, citing a shareholder email. Theranos founder Elizabeth Holmes settled a shareholder lawsuit in July that was designed to recover whatever can be salvaged from the firm, the Journal said.In June, the US Justice Department said a federal grand jury in California indicted Holmes, 34, and Ramesh "Sunny" Balwani, 53, who had been president and ...
Former Theranos biotech star indicted on fraud charges
San Francisco (AFP) - Elizabeth Holmes, the founder of blood-testing startup Theranos and a onetime Silicon Valley star, has been hit with criminal charges accusing her of defrauding investors and others, prosecutors announced Friday.The Justice Department said a federal grand jury in California indicted Holmes, 34, and Ramesh "Sunny" Balwani, 53, who had been president and chief operating officer.The indictment claims that Holmes and Balwani falsely claimed that they had developed revolutionary technology that could quickly provide a range of clinical tests from a small drop of blood."Today's...