Theranos Founder, Ex-COO Indicted For Fraud

By Kat Greene (June 15, 2018, 5:13 PM EDT) -- Theranos Inc. ousted founder Elizabeth Holmes as CEO as she and the company's former chief operating officer were indicted Friday on charges they defrauded investors and doctors with blood testing technology the pair knew didn't work.

Elizabeth Holmes, shown in November 2015, and Ramesh "Sunny" Balwani were each charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. (AP) Holmes, who once sat at the helm of the former Silicon Valley darling, and Ramesh "Sunny" Balwani, the former COO, are accused of using advertisements and other methods to persuade doctors to use Theranos' purportedly revolutionary testing methods, even...

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