From UCSF Start-Up to Fugitives From Justice
The founders of a biotech firm that launched at a UCSF start-up incubator in 2012 with promises of a groundbreaking fecal testing system are facing fraud charges in a case that’s not merely reminiscent of the notorious Theranos scandal, but tangentially connected to it. In 2021, federal prosecutors charged the founders of uBiome, Zach Apte, who received a PhD from UCSF in 2012, and Jessica Richman of defrauding investors of $76 million. Prosecutors say they are now fugitives.
#uBiome #Theranos
https://synapse.ucsf.edu/articles/2022/02/28/ucsf-start-fugitives-justice
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