SEC Charges Theranos Founder with Fraud

The Securities and Exchange Commission announced it had charged Theranos founder Elizabeth Holmes with fraud. Under an agreement the former billionaire startup founder is stripped of her voting control of the company, banned from being an offer or directed of any public company for at least a decade and required to pay a $500k penalty. Host Dan Loney talks with Wayne Guay, Professor of Accounting at the University of Pennsylvania, and James Angel, Professor at Georgetown University’s McDonough School of Business, to discuss the details of the case on Knowledge at Wharton.