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Charged With Fraud, Theranos CEO Elizabeth Holmes Cuts Deal with Feds

16:08 EDT 14 Mar 2018 | Xconomy

Charged what the U.S. Securities and Exchange Commission called “massive fraud,” Theranos CEO Elizabeth Holmes has cut a deal with the agency. The SEC charged Holmes and the firm’s former president Ramesh “Sunny” Balwani with “an elaborate, years-long fraud,” in which they raised $700 million dollars from investors and enjoyed a multibillion-dollar valuation by misrepresenting […]

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