From Betsy DeVos, to Rupert Murdoch, to the Walton family, here are the investors that lost hundreds of millions investing in Theranos
|03/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Going into summer 2018, the blood-testing startup Theranos was running low on cash.
- In March, the SEC charged Theranos and its founder Elizabeth Holmes with fraud, alleging they had made false statements and misled investors while raising $700 million. In June, the Department of Justice charged Holmes and former Theranos president Sunny Balwani with wire fraud.
- By September 2018, Theranos — which at one point had a $9 billion valuation — officially shut down.
- Theranos investors, which include Education Secretary Betsy DeVos, Rupert Murdoch, and billionaire families, lost hundreds on the blood-testing company.
A number of the big read more >>>