Elizabeth Holmes, founder and CEO of Theranos, speaks at The Wall Street Journal Digital Live (WSJDLive) conference at the Montage hotel in Laguna Beach, California, on October 21, 2015. The company settled fraud charges filed by US regulators. Photo: Reuters

‘Massive fraud’: disgraced Silicon Valley superstar Elizabeth Holmes loses control of blood-test firm Theranos in deal with SEC

Theranos was once valued at US$9 billion, but US regulators say founder Holmes misled investors and the media about its key product

Topic |   Crime

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Elizabeth Holmes, founder and CEO of Theranos, speaks at The Wall Street Journal Digital Live (WSJDLive) conference at the Montage hotel in Laguna Beach, California, on October 21, 2015. The company settled fraud charges filed by US regulators. Photo: Reuters
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