INSUBCONTINENT EXCLUSIVE:
Elizabeth Holmes has left her role as CEO of Theranos and has been charged with wire fraud, CNBC and others report
The company former president, Ramesh &Sunny& Balwani, was also indicted today by a grand jury.
These criminal charges are separate from the
civil ones filed in March by the SEC and already settled
There are 11 charges; two are conspiracy to commit wire fraud (against investors, and against doctors and patients) and the remaining nine
are actual wire fraud, with amounts ranging from the cost of a lab test to $100 million.
Theranos general counsel, David Taylor, has been
What duty the position actually entails in the crumbling enterprise is unclear
Holmes, meanwhile, remains chairman of the board.
Theranos reportedly lays off most of its remaining employees as it tries to avoid
bankruptcy
The FBI Special Agent in Charge of the case against Theranos, John Bennett, said the company engaged in &a corporate conspiracy
to defraud financial investors,& and &misled doctors and patients about the reliability of medical tests that endangered health and
lives.&
This story is developing
I&ve asked Theranos for comment and will update if I hear back; indeed I&m not even sure anyone is there to respond.
