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Theranos founder & crony get criminal charges and could end up in jail

Old mate Elizabeth Holmes and her buddy Ramesh Balwani have been “charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud” - pretty solid crimes you go to to prison for. The charges stem from their constant lying to doctors and investors about Theranos’ blood test tech, which never worked. As much as it sucks to have this happen in the first place, it is wonderful to see some startup bullshit artists possibly face time in prison. These new criminal charges are on top of the $500,000 in fines she paid the SEC, all the (worthless) Theranos shares she returned and the 10 years period where she can’t legally run a public company.

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