Lessons From Federal Fraud Charges Against UBiome

By Paul Rubin, Jacob Stahl and Melissa Runsten (April 16, 2021, 5:49 PM EDT) -- On March 18, the U.S. Attorney's Office for the Northern District of California unsealed a 47-count indictment alleging that the co-founders of uBiome Inc. engaged in fraud. The U.S. Securities and Exchange Commission filed a civil complaint against these individuals the same day.

The actions by the U.S. Department of Justice and SEC are based on the same core allegations, i.e., that uBiome, under the leadership of the defendants, made false and misleading statements to health insurers and investors about the company's supposedly innovative clinical microbiome sequencing tests and widespread insurance coverage. uBiome was also accused of relying on members of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!