Welcome to the Tech Meme Ride Home for March 14th, 2018. Today, Theranos is charged with fraud.

Google bans crypto ads, YouTube fights conspiracy theories.

There's a startup out there that literally wants to kill you, Google Maps for Games, and

Twitter comes after Snap.

Here's what you miss today in the world of Tech. The Securities and Exchange Commission today charged Medical Technology

Company Therinos, its founder and CEO Elizabeth Holmes, and its former president Ramash Balwani with quote

raising more than 700 million from investors through an elaborate years long fraud

in which they exaggerated or made false statements about the company's

technology, business, and financial performance.

In a settlement with the SEC, Holmes has agreed to surrender voting control of the blood

testing company, pay a $500,000 fine, agree to a 10-year ban from being an officer or director of a public company, and return 18.9 million

Theronos shares that the government says she obtained during the fraud.

If Theronos is acquired or otherwise liquidated, the government says Holmes would not profit

from any sale until over 750 million dollars is, quote, returned to defrauded investors.

The SEC has reportedly reached the settlement with Holmes,

but is continuing to pursue civil security fraud charges

against Balwani. The settlement today comes after a more than two-year

investigation by the SEC which came after the Wall Street Journal published an

article in October of 2015 alleging that Theranos used its proprietary blood testing

technology for only a fraction of the blood test it offered in Walgreen stores.

The SEC referenced this specifically in the announcement of the settlement saying, quote,

Theronos' proprietary analyzer could complete only a small number of tests and the company conducted the vast majority of patient tests

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