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Holmes surrenders Theranos, pays $500K after “massive fraud”

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NEW YORK (AP) — Elizabeth Holmes, a Stanford University dropout once billed as the “next Steve Jobs” has forfeited control of Theranos, the blood testing startup she founded, and will pay $500,000 to settle charges that she oversaw a “massive fraud.” Under an agreement with the Securities and Exchange Commission, Holmes is barred from serving […]

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