Theranos founder Elizabeth Holmes settles with the SEC for $,. Bloomberg Gadfly columnist Max Nisen speaks. Elizabeth Holmes raised hundreds of millions of dollars from investors on the promise that her medical testing startup Theranos Inc. would change medicine with a single drop of blood..But on Wednesday, the Securities and Exchange Commission accused the company, Holmes and its former President Ramesh "Sunny" Balwani of "an elaborate, years long fraud in which they exaggerated or made false statements about the company s technology, business, and financial performance" to .The Securities and Exchange Commission has charged Theranos Founder and CEO Elizabeth Holmes with massive fraud. Theranos raised more than $ million from investors through what the SEC described as an "elaborate, years long fraud in which they exaggerated or made false statements .Theranos Founder Elizabeth Holmes Just Lost Her Company After Being Accused of Massive Fraud The SEC said it will pursue its case against the president of the company, Ramesh "Sunny" Balwani, in federal district court in the Northern District of California. The settlement comes two years after the .
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