Federal prosecutors have indicted disgraced Theranos founder Elizabeth Holmes and former president and chief operating officer, Ramesh “Sunny” Balwani, for defrauding customers and investors, calling their actions a “corporate conspiracy” that “endangered health and lives.”
Holmes has also stepped down as CEO from the blood-testing company, once a Silicon Valley darling valued at $9 billion. Starting in 2015, a series of articles in The Wall Street Journal by investigative journalist John Carreyrou revealed that the company was peddling a technology — blood tests with a simple finger prick — that did not actually work. The company has been forced to void or correct nearly a million blood-test results. The company has since become an...
