Thread regarding Theranos layoffs

Holmes and Balwani indicted on fed wire fraud charges

It's all over.

Source: cnbc

Elizabeth Holmes, the founder of Theranos, was criminally charged with wire fraud along with former company president Ramesh "Sunny" Balwani on Friday.

Holmes' charges and departure as CEO comes three months after the Securities and Exchange Commission sued Holmes and Theranos for a "massive fraud" at the company.

Investors in the company included Rupert Murdoch, Tim Draper, Education Secretary Betsy DeVos, and the Walton family, which founded Walmart, according to court files.

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