Theranos founder Elizabeth Holmes is not allowed to lead a public company for a decade
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Elizabeth Holmes may have to think about a career change. The SEC today charged the Theranos founder, and its president Ramesh “Sunny” Balwani, with allegations of fraud. Holmes, the SEC says, has agreed to pay a $500,000 penalty. She is also “barred from serving as an officer or director of a public company for 10 …
Elizabeth Holmes may have to think about a career change. The SEC today charged the Theranos founder, and its president Ramesh “Sunny” Balwani, with allegations of fraud. Holmes, the SEC says, has agreed to pay a $500,000 penalty. She is also “barred from serving as an officer or director of a public company for 10 years.” (In agreeing to this settlement, Holmes neither confirms nor denies the agency’s charges against her.)