SEC sues Theranos and founder CEO Elizabeth Holmes for fraudulent investment scheme

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The U.S. Securities and Exchange Commission today charged Theranos Inc. and its founder and CEO Elizabeth Holmes with raising more than $700 million from investors through an elaborate fraudulent scheme. Theranos had its biggest footprint in Arizona, where it had laboratory agreements with 40 Walgreens drugs stores and a health clinic with Arizona State University in downtown Phoenix and employed around 200 people. After closing all of those operations and laying off its Arizona workforce, Theranos…
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SEC sues Theranos and founder CEO Elizabeth Holmes for fraudulent investment scheme

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