Theranos CEO Elizabeth Holmes steps down after wire fraud charges
Theranos founder Elizabeth Holmes and former COO Ramesh Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. Office of the US Attorney for the Northern District of California Allegations has accused Holmes of defrauding investors,doctors and patients. Conviction could result in 20 years in prison and a fine of $250,000. Holmes stepped down as CEO before the charges went public.
