BC-US-Theranos-Fraud 1st, 0546
Contributed by NAMPA / Associated Press.
Holmes surrenders control of Theranos, pays $500K fine<
AP Photo NYBZ338-1102151707, NYBZ337-1102151708<
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By KEN SWEET<
AP Business Writer<
NEW YORK (AP) - Elizabeth Holmes, a Stanford University dropout once billed as the "next Steve Jobs" has forfeited control 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 Commiss ...