Federal prosecutors have indicted Theranos founder Elizabeth Holmes and the company’s former president Ramesh “Sunny” Balwani with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Prosecutors claim that the pair defrauded investors, doctors, and patients while promoting and running their now disgraced blood-testing startup. In the new court filing—submitted […]
Goldman Sachs Investment Banker Arrested on Insider Trading Charges…
A 37-year-old investment banker for Goldman Sachs was arrested Thursday on charges he used inside information on mergers for which the company was a financial adviser to garner more than $130,000 on stock trades. Woojae “Steve” Jung, 37, of San Francisco, was charged with six counts of securities fraud and one count of conspiracy, according […]
SEC Charges Elizabeth Holmes with ‘Massive Fraud’…
Theranos’ CEO Elizabeth Holmes Charged by SEC with “Massive $700M Fraud”…
A little over two years after Theranos was exposed as a fraud by the WSJ, and not that much longer after its CEO Elizabeth Holmes was prancing around with Bill Clinton on the stage of the Clinton Global Initiative…the SEC finally woke up, and moments ago it announced that it has charged Elizabeth Holmes as […]
CEO Surrenders Control of Company…
Big Names Take Hit on Theranos…
Theranos Inc. received much of its funding from high-profile private investors who weren’t part of the ecosystem that typically backs startups and could see their stakes wiped out by the blood-testing company’s regulatory and technological troubles…
Ex-Secretary of State George Shultz’s Grandson Revealed as Theranos Whistleblower…
The Theranos employee who reported the medical tech company to US regulators for allegedly doctoring its trials of a blood-testing device is the grandson of George Shultz, it has emerged. Tyler Shultz, now 26, was working for Theranos – where his 95-year-old ex-Secretary of State grandfather sits on the board…