Theranos founder Elizabeth Holmes and former president Balwani charged by feds with wire fraud - CNBC

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.
 
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