The FBI launched a criminal investigation into the company from "summary" of Bad Blood by John Carreyrou
The FBI’s decision to investigate Theranos was a pivotal moment in the company’s downfall. This move signaled that the authorities believed there was enough evidence of criminal activity to warrant a formal inquiry. The FBI is known for its thorough investigations and resources, so the fact that they were now looking into Theranos was a serious development. The FBI’s involvement also meant that the company’s troubles were no longer just a matter of public relations or regulatory issues. It now had potential legal implications that could have serious consequences for both the company and its leadership. The investigation put additional pressure on Theranos to address the allegatio...
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