Disruption comes in many forms. For Theranos founder Elizabeth Holmes, it may end up taking the form of a jail cell.
The 34-year old Stanford dropout has been charged by federal prosecutors with 11 counts alleging she defrauded her investors and patients.
It was just a few months ago that Holmes, who once promised to revolutionize blood testing, was also charged with fraud by the SEC. In that case she agreed to pay a $500,000 penalty.
Holmes’s supposed shady dealings were first highlighted in 2015 by Wall Street Journal reporter John Carreyrou, who poked holes in Theranos’ claims with a devastating series of stories concerning the company’s Edison blood-testing device. Read more…