Theranos founder Elizabeth Holmes charged with £700m fraud

Theranos founder Elizabeth Holmes charged with £700m fraud
 

The founder of a start-up that promised to revolutionise the blood testing industry has agreed to settle charges that she raised more than $700m (£500m) fraudulently.
The Securities and Exchange Commission said Elizabeth Holmes and Theranos deceived investors about the firm's technology.
Ms Holmes will lose control of the firm and be fined $500,000.
An SEC official called the fallout an "important lesson for Silicon Valley".
"Innovators who seek to revolutionise and disrupt an industry must tell investors the truth about what their technology can do today - not just what they... read more

 
14 March 2018 in Business, Views: 53
Source: BBC
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