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September 2018 Archives

Theranos founder and former president face federal fraud charges

Theranos founder Elizabeth Holmes and the former president Ramesh Balwani were indicted on charges of federal wire fraud and conspiracy to commit wire fraud. According to The New York Times, the two defendants are accused of lying to doctors, investors and patients about how well the company's blood-testing device worked. The device was portrayed as groundbreaking for the blood testing industry.

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