Endless Supplies Corporation ships worldwide, provides same day quotes, and carries CPUs, Storage Devices, Notebooks, Servers, Monitors, Office Equipment, Computers, Motherboards, Graphics Cards, Displays, Wireless Networking, Cases, Consumer Electronics, Software, and more. E-procurement systems for B2B, B2G, and B2C sales. Email us today.
Thursday, March 15, 2018
Theranos CEO charged with $700 million fraud, fined just $500k
Theranos, the Silicon Valley startup that claimed to have developed a revolutionary system for conducting extensive blood tests (240 of them) with a single drop, has been in trouble for years for failing to make good on its promises. Its CEO Elizabeth Holmes has now been accused by the US Securities and Exchange Commission (SEC) of defrauding investors to the tune of $700 million. The SEC says that Holmes and former president Ramesh Balwani “deceived investors into believing that its key product – a portable blood analyzer – could conduct comprehensive blood tests from finger drops of blood, revolutionizing the…
This story continues at The Next Web
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment