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31%  
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Keyword: ubiome

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  • Founders of poop-testing uBiome, reportedly on the run, charged by SEC with defrauding investors

    03/19/2021 8:39:24 PM PDT · by BenLurkin · 28 replies
    endpts.com ^ | Max Gelman
    The SEC charged Jessica Richman and Zachary Apte, the co-founders of the poop-testing startup uBiome, with defrauding investors out of $60 million through misleading statements and false representations of the company’s prospects. [T]he charges stem from a 2018 Series C round valuing the company that once appointed ex-Novartis CEO Joe Jimenez to its board at nearly $600 million. Regulators submitted their filing in federal court in San Francisco, and are seeking to bar Richman and Apte from serving in future officer and director positions. Thursday’s indictment describes Richman and Apte as fugitives... Founded way back in 2012, uBiome burst onto...