Blood feud: Feds hit Theranos founder with criminal charges

Disruption comes in many forms. For Theranos founder Elizabeth Holmes, it may end up taking the form of a jail cell. 

The 34-year old Stanford dropout has been charged by federal prosecutors with 11 counts alleging she defrauded her investors and patients. 

It was just a few months ago that Holmes, who once promised to revolutionize blood testing, was also charged with fraud by the SEC. In that case she agreed to pay a $500,000 penalty. 

SEE ALSO: 'The next Steve Jobs' charged with 'massive fraud'

Holmes's supposed shady dealings were first highlighted in 2015 by Wall Street Journal reporter John Carreyrou, who poked holes in Theranos' claims with a devastating series of stories concerning the company's Edison blood-testing device.  Read more...

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