Comment on Theranos Founder Elizabeth Holmes Just Lost Her Company After Being Accused of ‘Massive Fraud’

Theranos Founder Elizabeth Holmes Just Lost Her Company After Being Accused of ‘Massive Fraud’

(NEW YORK) — Elizabeth Holmes, a Stanford University dropout once billed as the “next Steve Jobs” has forfeited control Theranos, the blood testing startup she founded, and will pay $500,000 to settle charges that she oversaw a “massive fraud.” Under an agreement with the Securities and Exchange Commission on Wednesday, Holmes is barred from serving as an officer or director of a public company for 10 years.

 

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