Thursday, 15 March 2018 ()
Theranos Inc., founder Elizabeth Holmes and former President Ramesh "Sunny" Balwani were charged Wednesday by the Securities and Exchange Commission with conducting "an elaborate, years-long fraud" that raised $700 million around their needles-less blood diagnostics company. Theranos and Holmes — once symbols of Silicon Valley's take-no-prisoners charge to disrupt industries — agreed to "resolve" the SEC's civil charges against them, the agency said in a statement, which includes Holmes giving…
