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theranos ceo elizabeth holmes charged with $700m fraud




theranos founder and ceo elizabeth holmes has been charged with “massive fraud” by the us securities and exchange commission (sec) over the deception of investors in the blood-testing company.the sec says holmes, along with theranos president ramesh “sunny” balwani, engaged in an “elaborat...



theranos founder elizabeth holmes: what the sec says she did




time healthfor more, visit time health.on wednesday, the u.s. securities and exchange commission charged theranos founder and ceo elizabeth holmes and former president and chief operating officer ramesh “sunny” balwani with “massive fraud.”theranos, a blood testing company, claimed that it c...



theranos ceo elizabeth holmes charged with massive fraud




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 relin...



theranos "massive fraud" sec charge sees ceo holmes settle




theranos, its ceo elizabeth holmes, and former president ramesh balwani have been charged with fraud by the sec, after a two-year investigation into the blood-testing startup’s false promises. the company was the poster child of silicon valley healthcare disruption, claiming to be able to diagnose...



sec charges theranos with “massive fraud,” ceo holmes stripped of control




enlarge/ founder & ceo of theranos, elizabeth holmes.getty | gilbert carrasquilloshare this storythe once-darling silicon valley startup that promised to revolutionize the blood-testing industry and fetched a valuation of $9 billion may have finally been dealt a death blow.the securities and exchang...



sec charges theranos with “massive fraud,” ceo holmes stripped of control




enlarge/ founder & ceo of theranos, elizabeth holmes.getty | gilbert carrasquilloshare this storythe once-darling silicon valley startup that promised to revolutionize the blood-testing industry and fetched a valuation of $9 billion may have finally been dealt a death blow.the securities and exchang...



medical startup theranos in crosshairs of the sec for ‘fraud’




copied!the massive medical startup theranos once promised to revolutionize the health care industry by making blood tests quicker with just the prick of a finger. the securities and exchange commission has charged the company's founder elizabeth holmes with "massive fraud." recode’s executive edit...



sec charges theranos and ceo elizabeth holmes with ‘massive fraud’




in a statement, the commission said that the company, and its two executives, misled investors about the capability of its blood testing technology. theranos' big selling point was that its hardware could scan for a number of diseases with just a small drop of blood. unfortunately, the company was n...



theranos and silicon valley's 'fake it till you make it' culture




more than two years after a wall street journalinvestigation exposed potential fraud at blood-testing startup theranos, many of us have forgotten about the company. the securities and exchange commission has not.wednesday, the regulatory agency charged ceo elizabeth holmes and former president rames...



theranos investors who pledge not to sue get elizabeth holmes’ shares for free




enlarge/ elizabeth holmes, theranos ceo.getty | cnbcshare this storytheranos ceo and founder elizabeth holmes is planning to give up some of her personal shares to investors who pledge not to sue the disgraced blood-testing company, the wall street journal reports.the deals would only involve invest...



theranos directors trusted elizabeth holmes more than their own eyes




elizabeth holmes, theranos' ceo and the world's youngest self-made female billionaire, in an interview on september 29, 2015. (photo by david orrell/cnbc/nbcu, photo bank via getty images.)getty images | cnbcshare this storywhen former us secretary of state george shultz underwent a theranos blood t...



l’actualité high-tech de la semaine : theranos, apple et saleforce and co, le na




tu ne t’es pas trompé, c’est bien ici la rubrique organique qui vous donne la température de la silicon valley (garantie 100% non sous-traitée) et l’occasion de témoigner sur des histoires… à moins que ce soit juste du buzz : à toi de juger !ça dégaine pour theranoselizabeth holmes...



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on wednesday, us securities regulators called her a fraud and forced her to give up the company she built.the lawsuit and settlement announced on wednesday by the securities and exchange commission detailed how holmes and her chief deputy lied for years about their technology, snookered the media, a...



theranos settles “series of lies” lawsuits from investor that chipped in $96m




theranos ceo and founder elizabeth holmes.nbc todayshare this storyon monday, theranos announced the settlement of two lawsuits that were in response to an alleged “series of lies.” both suits had been brought by partner fund management lp, a hedge fund that invested $96.1 million in the blood-t...



theranos settles “series of lies” lawsuits from investor that chipped in $96m




theranos ceo and founder elizabeth holmes.nbc todayshare this storyon monday, theranos announced the settlement of two lawsuits that were in response to an alleged “series of lies.” both suits had been brought by partner fund management lp, a hedge fund that invested $96.1 million in the blood-t...



rupert murdoch cashes in $us125 million of theranos stock for $us1 but will he s




the wall street journal reported that its proprietor, rupert murdoch, has sold his $us125 million ($164 million) investment in scandal-ridden blood testing group theranos for just $us1.according to the report, murdoch did not join other prominent investors who collectively put $us600 million into ...



rupert murdoch cashes in $us125 million of theranos stock for $us1 but will he s




the wall street journal reported that its proprietor, rupert murdoch, has sold his $us125 million ($164 million) investment in scandal-ridden blood testing group theranos for just $us1.according to the report, murdoch did not join other prominent investors who collectively put $us600 million into ...



theranos reportedly settles $140m walgreens suit for less than $30m




enlarge/ founder & ceo of theranos, elizabeth holmes.getty | gilbert carrasquilloshare this storytheranos told its investors that it has reached a tentative settlement with former business partner walgreens and will pay out less than $30 million in the agreement, thewall street journal reports.the d...



theranos reportedly settles $140m walgreens suit for less than $30m




enlarge/ founder & ceo of theranos, elizabeth holmes.getty | gilbert carrasquilloshare this storytheranos told its investors that it has reached a tentative settlement with former business partner walgreens and will pay out less than $30 million in the agreement, thewall street journal reports.the d...



what biotech ceos (and their funders) learned from the theranos debacle




the collapse of the diagnostic company theranos shook the world of venture-funded biotechnology. theranos was a “unicorn,” valued by its investors at $9 billion at one point. that made its founder, elizabeth holmes, the youngest woman billionaire in the world for inventing a technology that, she...



theranos avoids bankruptcy thanks to a last-minute loan




holmes reportedly said that theranos has up its patent library as collateral, and that fortress gets 4 percent equity. the loan is also subject to "certain product and operational milestones," she added. if fortress doesn't see enough progress, in other words, it could easily pull the rug from thera...



blood, fraud and money led to theranos ceo's fall from grace




theranos said in a statement that it was "pleased to be bringing this matter to a close and looks forward to advancing its technology." the company said it cooperated with the sec's investigation."the theranos story is an important lesson for silicon valley," said jina choi, director of the sec's sa...



theranos' financial troubles are starting to pile up




the lawsuit brought by pfm alleged that theranos had defrauded the company into making its large investment. documents filed as part of the suit alleged that the medical company directly misled investors and even its own directors about its testing practices while secretly using off-the-shelf lab eq...



theranos settles walgreens lawsuit with 'no finding of liability'




the details are again undisclosed by theranos, though the company seems to want to imply that recent internal changes have led to this moment. "over the past 16 months, the company has built a new senior management team, changed the composition and structure of its board of directors, installed an e...



rio tinto director john varley charged with conspiracy to commit fraud




john varley, 61, a director of mining giant rio tinto, has been charged with conspiracy to commit fraud by the uk serious fraud office.he has been charged with two counts of conspiracy to commit fraud by false representation, and one count of providing unlawful financial assistance. john varley, a d...