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Theranos CEO Holmes Settles Over $700M Fraud, SEC Says

Law360 (March 14, 2018, 4:23 PM EDT) -- The founder and CEO of once high-flying Silicon Valley blood testing company Theranos has settled allegations she lied about nearly every aspect of the company’s business model and finances in a massive, yearslong fraud that raised more than $700 million from duped investors, the U.S. Securities and Exchange Commission announced Wednesday.

The U.S. Securities and Exchange Commission said Wednesday Theranos founder and CEO Elizabeth Holmes, seen here in a 2015 file photo, has settled allegations she perpetrated a massive fraud. (AP)

In a complaint filed in...
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