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. 

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...