Melanie
Senior Member (Voting Rights)
Theranos founder Elizabeth Holmes and former president Balwani charged by feds with wire fraud
- Elizabeth Holmes, the founder of Theranos, was criminally charged with wire fraud along with former company president Ramesh "Sunny" Balwani on Friday.
- Holmes' charges and departure as CEO come three months after the Securities and Exchange Commission sued Holmes and Theranos for a "massive fraud" at the company.
- Investors in the company included Rupert Murdoch, Tim Draper, Education Secretary Betsy DeVos, and the Walton family, which founded Walmart, according to court files.