Fraudster

“Theranos Settle Investor Suit As Firm Runs Low on Funds,” The Wall Street Journal, July 23, 2018 B3.  Investors alleged Theranos had defrauded them by making false statements about the company’s technology.

This joins the long (and growing) list of people suing for harm caused by this company.  Are the directors in the dock?  The CEO and former president are.

False statements are information, in a sense.  The is the kind of basic, bog standard stock fraud that led to the creation of the SEC.

Who’s going to get the last drop of blood out of this stone?

Advertisements

Leave a comment

Filed under Board, Communications, Compliance, Compliance, Compliance (General), Controls, Corporation, Culture, Data quality, Definition, Directors, Duty, Duty of Care, Employees, Governance, Inform shareholders, Information, Internal controls, Investor relations, Oversight, Oversight, Protect information assets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s