Briefing

Theranos Founder Indicted on Fraud Charges

By
Nick Wingfield
· · Source: The Information

Theranos founder Elizabeth Holmes and the blood-testing firm’s former president, Ramesh “Sunny” Balwani, were indicted by federal grand jury alleging that the two engaged in schemes to defraud investors, doctors and patients. Ms. Holmes stepped down as Theranos’ CEO and was replaced by general counsel David Taylor, though she remains the chair of the company’s board. With the company already...

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