Connect with us

National

Fugitive founders of medical company uBiome face charges of defrauding investors – NEWS.com.au

Fugitive founders of medical company uBiome face charges of defrauding investors

Published

on

Article feature image

An American couple who founded a multimillion-dollar medical startup have been hit with multiple charges as their health empire crumbles.Jessica Richmand and Zachary Apte co-founded the firm uBiome, but the spouses have recently been accused of fraud amounting to $US60 million ($A78 million) by the US Security and Exchange Commission (SEC), which said they used deceptive practices to misrepresent how well the company was performing.
It has also been claimed that the couple are currently fugitives…

Click here to view the original article.