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Financial Scams – Theranos

Theranos made headlines when its promising blood-testing technology startup turned out to be a fiction. With the charismatic Elizabeth Holmes at its head, the company recruited wealthy and well-known investors like Rupert Murdoch and Carlos Slim. But after the FDA found major inaccuracies in Theranos’ testing, the stage was set for the company’s collapse — and a trial alleging Holmes and former president Ramesh Balwani bilked investors out of hundreds of millions of dollars while deceiving doctors and patients about their testing methodologies and results.