Theranos Founder Elizabeth Holmes Charged With Criminal Fraud

Elizabeth Holmes, the disgraced founder of blood-testing company Theranos, has been charged with fraud by federal prosecutors along with Theranos’ former president and COO Ramesh Balwani. From the Wall Street Journal:

Ms. Holmes, 34 years old, and Mr. Balwani, 53, were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in an indictment handed up Thursday and unsealed Friday.

“This indictment alleges a corporate conspiracy to defraud financial...

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