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Silicon Valley Gets Message From SEC About Fraud Intolerance
- Wired, Friday, March 16, 2018 8 AM
The Securities and Exchange Commission has charged blood-testing startup Theranos CEO Elizabeth Holmes and former President Ramesh Balwani with an “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance.” Holmes has agreed to a 10-year ban on working at public companies.
