Author Topic: Theranos Is Formally Dissolving  (Read 825 times)

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Offline Frank Cannon

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Theranos Is Formally Dissolving
« on: September 05, 2018, 03:51:15 pm »
https://www.zerohedge.com/news/2018-09-05/theranos-formally-dissolving

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It is only fitting that John Carreyrou, who broke the Theranos scandal story and laid it out for the world would be the WSJ writer who also wrote the company's epitaph, which he did last night when the WSJ reported that the scandal-plagued blood-testing company accused of perpetrating Silicon Valley’s biggest fraud, will soon cease to exist.

In an email to shareholders (apparently those still exist), the company said it would formally dissolve, and would seek to pay unsecured creditors its remaining cash in coming months.

The company's overdue end comes after the feds filed criminal charges against Theranos founder, and frequent Clinton Global Initiative guest and speaker, Elizabeth Holmes and the blood-testing company’s former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of dollars and defrauded doctors and patients.

Offline Frank Cannon

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Re: Theranos Is Formally Dissolving
« Reply #1 on: September 05, 2018, 04:08:52 pm »
Why this fraudster bitch isn't in jail, I'll never understand.