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Theranos founder Elizabeth Holmes indicted for alleged fraud, out as CEO

A grand jury indicted CEO Elizabeth Holmes and her former No. 2 Sunny Balwani on Friday for alleged fraud at Theranos.

SAN FRANCISCO — A grand jury has indicted CEO Elizabeth Holmes and her former No. 2 Sunny Balwani for alleged fraud at Theranos, the disgraced Silicon Valley company that once promised to revolutionize blood testing in a pitch that was too good to be true.

The filed by federal prosecutors allege that Holmes and Balwani bilked investors out of hundreds of millions of dollars while also defrauding doctors and patients through years of lies that put thousands of

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