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Theranos claimed it would generate 1,000 times more revenue in 2014 than it actually did





Elizabeth Holmes

  • 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.

Theranos and Holmes have resolved the charges with the SEC in an agreement that involves Holmes giving up a lot of control over read more >>>

Source:: BusinessInsider.Com

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