News and Commentary

Clinton Donor, Obama Ambassador Indicted In Massive Alleged Fraud Scheme

Ryan Saavedra

The founder of an embattled health startup was indicted in federal court on Friday for allegedly defrauding investors in a multi-million dollar scheme.

Billionaire Elizabeth Holmes, the founder of Theranos, was charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud, according to a statement from the U.S. Attorney’s Office (USAO) in the Northern District of California.

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