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Author Topic: Theranos founder Holmes, former president indicted for fraud  (Read 496 times)

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Offline edpc

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Theranos founder Holmes, former president indicted for fraud
« on: June 15, 2018, 11:28:56 pm »
(Reuters) - Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company's former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday.

The charges against Holmes, 34, and Ramesh “Sunny” Balwani, 53, were announced shortly after the privately held company said that she was stepping down as its chief executive.

Prosecutors said that Holmes and Balwani used advertising and solicitations to encourage doctors and patients to use its blood testing laboratory services despite knowing the company could not produce accurate and reliable results consistently.

"This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives," FBI Special Agent in Charge John Bennett said in a statement.

https://finance.yahoo.com/news/theranos-founder-elizabeth-holmes-steps-205207032.html


« Last Edit: June 15, 2018, 11:31:22 pm by edpc »
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Offline edpc

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Re: Theranos founder Holmes, former president indicted for fraud
« Reply #1 on: June 15, 2018, 11:29:44 pm »
It’s about damned time, because the stunt this Steve Jobs wannabe pulled was heinous and life-threatening.
« Last Edit: June 15, 2018, 11:32:11 pm by edpc »
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Oceander

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Re: Theranos founder Holmes, former president indicted for fraud
« Reply #2 on: June 15, 2018, 11:31:31 pm »
Quote from: edpc on June 15, 2018, 11:29:44 pm
It’s about damned time, because the stunt she pulled was heinous and life-threatening.

Exactly.
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Offline Smokin Joe

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Re: Theranos founder Holmes, former president indicted for fraud
« Reply #3 on: June 16, 2018, 09:06:20 am »
Quote from: edpc on June 15, 2018, 11:29:44 pm
It’s about damned time, because the stunt this Steve Jobs wannabe pulled was heinous and life-threatening.
Yep. Better to have no data than bad data.
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Offline Suppressed

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Re: Theranos founder Holmes, former president indicted for fraud
« Reply #4 on: June 16, 2018, 01:58:36 pm »
The way she shows no remorse is chilling.
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