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In 2018, the U.S. Securities and Exchange Commission (SEC) charged Theranos, Holmes, and former Theranos chief operating officer (COO) Ramesh "Sunny" Balwani with raising $700 million from investors through a fraud involving false or exaggerated claims about the accuracy of the company's blood-testing technology; Holmes settled the charges by ...
SHE Beverage's CEO claimed she worked with Versace and McDonald's while she carried out a scheme to defraud her investors, according to federal prosecutors. ... Lupe Louise Rose, 54, was arrested ...
An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million ... the magazine Inc. spotlighted her on its 2024 list of female founders "for ...
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
Chanda Kochhar and her husband Deepak Kochhar have been arrested by Central Bureau of Investigation on Friday, 23 December 2022, in a case linked to alleged loan fraud charges. [ 61 ] Chanda Kochhar, her husband, and Videocon Group's promoter, V N Dhoot, were charged with corruption in the Rs 3,250 crore loan fraud scam, in CBI's 11,000-page ...
Elizabeth Holmes (2022) Criminal charge: Fraud and conspiracy to commit wire fraud Sentence: 11 years and three months in prison, reduced to just over 9 years Theranos was founded in 2003 on the ...
[8] [30] The Royal Canadian Mounted Police subsequently arrested her on a provisional U.S. extradition request for fraud and conspiracy to commit fraud in order to circumvent U.S. sanctions against Iran. [8] [31] On 28 January 2019, the U.S. Department of Justice formally announced financial fraud charges against Meng.
Hindenburg Research—the short seller whose investigations spawned fraud charges against 65 people, ... at least seven CEOs, chairmen, or founders were arrested, resigned, ...