March 15, 2018 BY Valentina Kirilova
Theranos CEO stripped of control of company for defrauding investors
The Securities and Exchange Commission (SEC) announced that it has charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,…
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