SEC charges co-founders of shuttered microbiome startup uBiome with $60 million fraud

Federal authorities on Thursday charged two co-founders of uBiome, a microbiome startup that rose to Silicon Valley prominence in 2018, with defrauding investors of $60 million.

The Securities and Exchange Commission complaint alleges that Jessica Richman, uBiome’s former chief executive officer, and Zachary Apte, its former chief scientific officer, misled investors by peddling uBiome as a startup with a track record of success.

Read the rest…

SEC charges co-founders of shuttered microbiome startup uBiome with $60 million fraud

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to top