Theranos claimed it would generate 1,000 times more revenue in 2014 than it actually did
|03/14/2018||Posted by BusinessMediaguide.Com under General World News||
- Theranos, along with its CEO Elizabeth Holmes and former president Sunny Balwani have been charged by the SEC with “massive fraud.”
- The agency said Wednesday that Theranos and Holmes have agreed to resolve the charges against them.
- The SEC alleged that Theranos had overstated its program with the US Department of Defense as well as the revenues it generated in 2014.
Theranos, its CEO Elizabeth Holmes, and a former executive have been charged with fraud by the SEC.