What type of fraud charges did the SEC bring against Theranos?
Securities fraud
Tax fraud
Insurance fraud
Bank fraud
Answer
The U.S. Securities and Exchange Commission (SEC) charged Theranos, Elizabeth Holmes, and former company president Sunny Balwani with securities fraud in 2018. This was due to their deceptive practices and false claims about the company's blood-testing technology.
Blood, Sweat, and Lies: The Unraveling of Theranos - Test Your Knowledge!
More Questions
What was the name of the compact automated device Theranos developed?
In which month and year was Theranos officially dissolved?
How many counts of wire fraud and conspiracy were Elizabeth Holmes and Sunny Balwani charged with?
Which university did Elizabeth Holmes drop out of to start Theranos?
What was Elizabeth Holmes' estimated personal net worth at Theranos' peak?
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