Theranos CEO Elizabeth Holmes Charged With Massive Fraud
https://slate.com/technology/2018/03/theranos-elizabeth-holmes-massive-fraud-charges-sec.html
The SEC on Wednesday charged Theranos CEO Elizabeth Holmes and
former president Ramesh Balwani with "raising more than $700
million from investors through an elaborate, years-long
fraud." Holmes has agreed to forfeit her majority voting
control over the company, pay a $500,000 penalty, and
relinquish 18.9 million shares. She will also not be allowed
to serve as an officer or director of a public company for the
next 10 years.
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--Lauren--
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