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Theranos: A Fallen Unicorn

Theranos: A Fallen Unicorn

Theranos Inc., a consumer healthcare technology startup, was once valued at $10 billion, and its leadership claimed it would revolutionize the blood testing industry. Holmes and Balwani were ultimately charged by the SEC for massive fraud. On June 15, 2018, Holmes and Balwani were charged with wire fraud according to a release by the U.S. Attorney's Office, North District of California.