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Theranos founder Elizabeth Holmes has been forced to give up majority control of the company to resolve charges of a 'massive fraud'

Business Insider Wednesday, 14 March 2018
Theranos founder Elizabeth Holmes has been forced to give up majority control of the company to resolve charges of a 'massive fraud'· *Theranos, its CEO Elizabeth Holmes, and its former president Sunny Balwani have been charged by the SEC with fraud.*
· *The agency said Wednesday that Theranos and Holmes have agreed to resolve the charges against them.*
· *As part of the resolution, Holmes has to give up majority voting control over the company and...
Credit: CBS 5 SF KPIX - Published < > Embed
News video: THERANOS: Theranos Founder Elizabeth Holmes Faces Federal Fraud Charges

▶ THERANOS: Theranos Founder Elizabeth Holmes Faces Federal Fraud Charges 00:25

Elizabeth Holmes, a Stanford University dropout once billed as the "next Steve Jobs" has forfeited control Theranos, the blood testing startup she founded, and will pay $500,000 to settle charges that she oversaw a "massive fraud."

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