[olivermarks]

'Although Holmes settled her complaint with the SEC Wednesday, agreeing to a broad series of penalties without admitting guilt, Balwani did not settle with SEC, which will continue investigating him'.

'Theranos' board heft was anchored to a 2011 meeting Holmes had with former secretary of state George Shultz, who after joining the board recruited his fellow former secretary, Henry Kissinger. Other notables around the table were former U.S. senators Sam Nunn and Bill Frist, former secretary of defense William Perry, and James Mattis.

Mattis came up in the SEC's investigation. It found that while Mattis was leading the U.S. Central Command he lobbied for Holmes' tech to be used in the military, though regulators flagged issues before the notion took wing. Mattis resigned from Theranos' board when he become U.S. Defense secretary in 2016'.

https://www.usatoday.com/story/tech/news/2018/03/15/behind-t...