Home » General World News » The SEC isn’t sending Theranos CEO Elizabeth Holmes to jail for fraud — here are her possible punishments

The SEC isn’t sending Theranos CEO Elizabeth Holmes to jail for fraud — here are her possible punishments





Elizabeth Holmes

  • Elizabeth Holmes has been charged with engaging in a “massive fraud” by the Securities and Exchange Commission
  • She won’t be going to jail over this
  • The Department of Justice is also investigating the matter — but that’s a separate case

Elizabeth Holmes, the founder of blood testing startup Theranos, has been charged with engaging in a “massive fraud” by the Securities and Exchange Commission. The SEC says she and the company’s president raised more than $700 million using an “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.”

No, she won’t be going read more >>>

Source:: BusinessInsider.Com

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