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US Files Criminal Charges Against Theranos's Elizabeth Holmes, Ramesh Balwani (wsj.com)
John Carreyrou, reporting for WSJ: Federal prosecutors filed criminal charges against Theranos founder Elizabeth Holmes and the blood-testing company's former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of dollars and also defrauded doctors and patients. The indictments of Ms. Holmes and Ramesh "Sunny" Balwani, Theranos's former president and chief operating officer who was also Ms. Holmes's boyfriend, are the culmination of a two-and-a-half-year investigation by the U.S. attorney's office in San Francisco, sparked by articles in The Wall Street Journal that raised questions about the company's technology and practices. Ms. Holmes, 34 years old, and Mr. Balwani, 53, were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in an indictment handed up Thursday and unsealed Friday.
Seriously, one issue that I really had with O, is that he allowed white collar crime to run rampant. ESP when we bailed out all those banks and automakers, did anybody go to jail? Heck no. They had bonus held the first year and they all got double bonus the next. What a deal.
I can not stand reagan. That man ran up massive deficit/debt. BUT, at least he took tax reform serious AND put S&L ppl (other than a bush) in prison.
I prefer the "u" in honour as it seems to be missing these days.
b-but... she's a GIRL.
- First they ignore you, then they laugh at you, then ???, then profit.