Federal prosecutors indict Theranos founder Elizabeth Holmes for fraud | Spanlish

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Saturday, June 16, 2018

Federal prosecutors indict Theranos founder Elizabeth Holmes for fraud

Federal prosecutors have indicted disgraced Theranos founder Elizabeth Holmes and former president and chief operating officer, Ramesh “Sunny” Balwani, for defrauding customers and investors, calling their actions a “corporate conspiracy” that “endangered health and lives.”

Holmes has also stepped down as CEO from the blood-testing company, once a Silicon Valley darling valued at $9 billion. Starting in 2015, a series of articles in The Wall Street Journal by investigative journalist John Carreyrou revealed that the company was peddling a technology — blood tests with a simple finger prick — that did not actually work. The company has been forced to void or correct nearly a million blood-test results. The company has since become an...

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