Theranos under investigation for fraud

[Jacque67 7,328]

http://www.dailymail.co.uk/news/article-3620126/Blood-testing-company-Theranos-founder-s-net-worth-goes-4-5-BILLION-amid-fraud-claims.html

[Jacque67 7,328]

Last year she was on top of the world, but now Elizabeth Holmes has a net worth of zero.

Holmes, who is the founder of blood-testing company Theranos, was at the top of Forbes' list of the richest self-made women in America with a net worth of $4.5billion last year.

However, Forbes has lowered their estimate of the 32-year-old's net worth to nothing, amid allegations that the blood-testing company she founded in 2003 has inaccurate tests and is being investigated by federal agencies.

Theranos Inc was sued on Thursday, accused of endangering customer health through 'massive failures' that misrepresented the accuracy and quality of its blood tests, according to court papers.

The proposed class action was brought in the U.S. District Court for the Northern District of California by the law firm Hagens Berman Sobol Shapiro LLP.

Read more: http://www.dailymail.co.uk/news/article-3620126/Blood-testing-company-Theranos-founder-s-net-worth-goes-4-5-BILLION-amid-fraud-claims.html#ixzz4AMzT9KHT

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[Jacque67 7,328]

http://www.zerohedge.com/news/2016-05-18/elizabeth-holmes-admits-theranos-technolgy-fraud-restates-voids-years-test-results

[Jacque67 7,328]

http://www.wired.com/2016/04/theranos-investigated-fraud-weird-private-company/

[Sousuke 1,214]

Forbes listed her networth as zero today.

Edited June 1, 2016 by Sousuke