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Theranos founder Holmes, President Balwani indicted on wire fraud charges
Reuters ^ | June 15, 2018 | Reuters Staff

Posted on 06/15/2018 5:49:20 PM PDT by gopno1

According to the indictment, Holmes and Balwani encouraged doctors and patients to use the company’s blood testing services even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, the department said in a statement.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS:
What a shame.
1 posted on 06/15/2018 5:49:20 PM PDT by gopno1
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To: gopno1

Good ... although I wish they had a more substantial charge.


2 posted on 06/15/2018 5:53:38 PM PDT by Tax-chick (I have the easiest life in the history of the world.)
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To: gopno1

Elizabeth Holmes had a fundraiser for Hillary Clinton in 2016 and is a big time Clinton Foundation donor..gee I wonder if the Commie media will report on that lil tidbit..they sure would if she gave any dough to Trump


3 posted on 06/15/2018 5:55:55 PM PDT by Sarah Barracuda
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To: gopno1

Members of the Theranos Board of Directors within the last few years:

former Secretary of State Henry Kissinger
former Secretary of Defense Bill Perry
former Secretary of State George Shultz
former Senators Sam Nunn and Bill Frist
former Marine Corps General James Mattis


4 posted on 06/15/2018 5:57:18 PM PDT by jjotto ("Ya could look it up!")
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To: gopno1

Too many people with money wanted this wench to be legit. She wasn’t, just a cute faced fraud that dropped out of Stanford which apparently was enough of an resume. The only question now is how much time she will get. She was from Washington DC, that should have been enough of a warning.


5 posted on 06/15/2018 5:57:35 PM PDT by DAC21
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To: gopno1

Her older, rich Indian boyfriend was apparently QUITE the legal bully.

Theranos also later hired the same lawyer who spearheaded the Gay Marriage initiative:

He has a yuge reputation even among lawyers as a ruthless pitbull.

THAT is why so many disillusioned Theranos employees stayed quiet for so long:

If they opened their mouths one peep about the reality at Theranos they tended to get sued like crazy by the crazy Indian BF and this other lawyer.


6 posted on 06/15/2018 6:16:50 PM PDT by gaijin
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To: gopno1

Ramesh Balwani, legal bully pitbull

Very hard to find other photos of him, now.

7 posted on 06/15/2018 6:19:11 PM PDT by gaijin
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To: gopno1

Well deserved!


8 posted on 06/15/2018 6:40:06 PM PDT by KevinB (I do not care for that Obama fellow.)
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To: gopno1

ABOUT F-ING TIME!!!!


9 posted on 06/15/2018 7:59:43 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: DAC21

“Too many people with money wanted this wench to be legit.”

indeed, she was lionized by the leftist fake stream media for years BECAUSE she was a FEMALE ... they SO wanted her to be the first major female Silicon Valley technology entrepreneur success story ... of course it was all a fraud, and her billions turned to ashes overnight once the fraud was exposed ...


10 posted on 06/15/2018 8:03:35 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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