Business

The SEC isn't sending Theranos CEO Elizabeth Holmes to jail for fraud - here are her punishments

5 monthes ago   |   By

REUTERS/Mike Blake
Elizabeth Holmes has been charged with engaging in a "massive fraud" by the Securities and Exchange Commission
She won't be going to jail over this
The Department of Justice is also investigating the matter - but that's a separate case
Elizabeth Holmes, the founder of blood testing startup Theranos, has been charged with engaging in a "massive fraud" by the Securities and Exchange Commission. The SEC says she and the company's president raised more than $700 million using an "elaborate, years-long fraud in which they exaggerated or made false statements about the...
Read more ...

 

Theranos founder Elizabeth Holmes has been forced to give up majority control of the company to resolve charges of a 'massive fraud'

Theranos founder Elizabeth Holmes has been forced to give up majority control of the company to resolve charges of a 'massive fraud'

5 monthes ago   |   By

REUTERS/Carlo Allegri
Theranos, its CEO Elizabeth Holmes, and its former president Sunny Balwani have been charged by the SEC with fraud.
The agency said Wednesday that Theranos and Holmes have agreed to resolve the charges against them.
As part of the resolution, Holmes has to give up majority voting control over the company and reduce her equity in the privately-held company.
Theranos, its CEO Elizabeth Holmes, and former president Sunny Balwani, have been charged with "massive fraud" by the SEC.
The SEC alleged that Theranos "made numerous false and misleading statements in investor...
Read more ...

 

Theranos founder Elizabeth Holmes has been charged with fraud by the SEC

Theranos founder Elizabeth Holmes has been charged with fraud by the SEC

5 monthes ago   |   By

REUTERS/Brendan McDermid
Theranos, along with its CEO Elizabeth Holmes and former president Sunny Balwani have been charged by the SEC with "massive fraud," the agency said Wednesday.
"Investors are entitled to nothing less than complete truth and candor from companies and their executives," SEC's Enforcement Division co-director Steven Peikin said in a release. "The charges against Theranos, Holmes, and Balwani make clear that there is no exemption from the anti-fraud provisions of the federal securities laws simply because a company is non-public, development-stage, or the subject of...
Read more ...

 


Search by Tags

   Business      Theranos      Elizabeth Holmes      Money  


Omarosa and Michael Cohen made secret recordings of Trump - and fellow...

Omarosa and Michael Cohen made secret recordings of Trump - and fellow officials are reportedly wondering if anyone else did too

Getty Images Fired White House aide Omarosa Manigault Newman is the latest member of President Donald Trump's orbit to have secretly recorded him and his allies. Last month, it... Read more ...

We tried Bokksu, a monthly subscription box service that sends delicious...

We tried Bokksu, a monthly subscription box service that sends delicious Japanese snacks you won't find easily in the US

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Bokksu One of... Read more ...

Stocks rise as Turkish lira steadies

Stocks rise as Turkish lira steadies

Thomson Reuters Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended... Read more ...

The rise of Sean Rad, who served as Tinder CEO twice and is now taking on...

The rise of Sean Rad, who served as Tinder CEO twice and is now taking on Match Group and IAC in a $2 billion lawsuit

Vivien Killilea/Getty Images for Tinder/GLAAD Tinder founder Sean Rad has had a tumultuous few years. When Tinder launched in 2012, it was a near-instant success. The dating... Read more ...

12 best-selling yoga tools on Amazon that you can get for under $40

12 best-selling yoga tools on Amazon that you can get for under $40

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. Practicing... Read more ...

14 great tech deals for college students - including $250 off a Google...

14 great tech deals for college students - including $250 off a Google Pixelbook and $150 off a MacBook Air

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase. It's important... Read more ...

A budget airline is offering $40 round-trip flights just in time for Labor...

A budget airline is offering $40 round-trip flights just in time for Labor Day, but you have to act fast

Airbus Frontier Airlines is having a flash sale on flights between August 18 and October 3 from select cities. One-way tickets from several routes - like Austin to New Orleans... Read more ...

Tinder founders say former CEO 'groped and sexually harassed' an executive...

Tinder founders say former CEO 'groped and sexually harassed' an executive at a company party in bombshell $2 billion lawsuit

Andrew Burton/Getty Images Included in a jaw-dropping lawsuit brought by Tinder's founders against its parent company IAC are allegations of sexual misconduct against its... Read more ...

Meet the 3 Tesla board members set to decide on Elon Musk's go-private plan

Meet the 3 Tesla board members set to decide on Elon Musk's go-private plan

Ringo H.W. Chiu / AP Photo Tesla 's board of directors has formed a special committee to examine CEO Elon Musk 's preference to take the company private , according to a... Read more ...

Elon Musk says he's hired Goldman Sachs to help take Tesla private - even...

Elon Musk says he's hired Goldman Sachs to help take Tesla private - even though the bank's analyst is one of the most bearish on Wall Street

Max Whittaker / Getty Images Elon Musk tweeted late Monday that he was "excited to work with Silver Lake and Goldman Sachs" in his plan to take Tesla private. Goldman Sachs'... Read more ...