Theranos and former CEO, Elizabeth Holmes, settle SEC fraud lawsuit

The Securities and Exchange Commission announced today that they have charged Theranos, Elizabeth Holmes, the company’s 34-year-old former CEO and founder, and ex-president Ramesh “Sunny” Balwani, with “massive fraud.” According to the SEC, those charged engaged in “elaborate, years-long fraud” to raise over $700 million through exaggerated or false statements about the company’s technology, business

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