Photo Credit: Justin Sullivan/Getty Imagesīalwani came under fire for defrauding its investors by hiding the truth of its operations and the amount it was making in a year. The company soon stretched its legs into bankruptcy. This was followed by investigations at various levels, which made shocking conclusions. However, the well-reputed company saw its fall into the pits, when Carreyrou’s articles shed light on what was really going in Theranos. This was considered groundbreaking at that time. Theranos was once famous for the alleged claim it made in being a revolutionary inventor of Edison, a device that would only require a drop of blood to conduct a series of tests with accurate results. He was the President and Chief Operating Officer of Theranos. Adjacent to Holmes, another figure who is equally accused in the company’s core malpractice is Ramesh Balwani. Following this, the world witnessed one of the biggest business frauds it has ever seen. The onslaught of events that led to the company’s fall was triggered by an anonymous tip to the journalist John Carreyrou.
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