US: A Case Of Theranos Inc. And Elizabeth Holmes
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Holmes was once heralded as a tech pioneer and a billionaire after Theranos claimed to have developed a ground-breaking way to test blood.
In a lawsuit and settlement announced Wednesday, the Securities and Exchange Commission said Holmes, the chief executive officer, and former president Ramesh “Sunny” Balwani maintained a years-long fraud by making up claims about the effectiveness of its blood testing product. In reality, its portable blood analyzer could only complete
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