Theranos CEO Will Pay $500,000, Give Up Control To Settle SEC Fraud Lawsuit

(March 15, 2018, 1:54 PM EDT) -- SAN JOSE, Calif. — Theranos Inc. CEO Elizabeth Holmes has agreed to pay a $500,000 penalty, to return her remaining 18.9 million shares to the company, to relinquish voting control of the company she started and to be barred from serving as an officer or director of any public company for 10 years, the U.S. Securities and Exchange Commission announced March 14 after filing a civil fraud claim against Holmes and Theranos (Securities and Exchange Commission v. Elizabeth Holmes, et al., No. 18-1602, N.D. Calif., San Jose Div.)....