THERANOS, FOUNDER CHARGED WITH FRAUD

The U. S. SEC charged blood- testing start- up Theranos and its CEO Elizabeth Holmes with massive fraud, claiming that the firm had raised over $ 700 million through fraudulent claims. Holmes, hailed as Silicon Valley’s first female billionaire, must pay $ 500,000 as a fine, must give up majority voting control of the firm and can’t serve as a public company officer for a decade.