The former COO of disgraced blood testing startup Theranos, Ramesh “Sunny” Balwani has been sentenced to 155 months, or about 13 years, in prison and three years probation. After a three-month trial, Balwani was found guilty on 12 counts, ranging from defrauding patients and investors to conspiracy to commit fraud. Theranos CEO Elizabeth Holmes was …
A federal judge on Friday sentenced disgraced Theranos CEO Elizabeth Holmes to more than 11 years in prison for misleading investors in the failed startup that promised to revolutionize blood testing but turned it into a symbol of culture. audacious self-promotion of Silicon Valley. The sentence imposed by U.S. District Judge Edward Davila was shorter …
Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraud Read More »
The Form D market has also funded Theranos and has overtaken public IPOs as a way to raise funds for investors in recent times. Opacity in Form D fundraising has benefits and costs. I suspect the Form D market is under-regulated. UNITED STATES – DECEMBER 8: FTX Founder and CEO Sam Bankman-Fried testifies during the …
FTX Raised Funds Using Form D Dark Market: “Light” Regulation Has Costs Read More »
