September 16, 2026
Two founders of a now-shuttered fecal testing startup have agreed to pay $125,000 each to put to rest the U.S. Securities and Exchange Commission's allegations that they used a fraudulent insurance billing scheme to get $60 million from investors, according to an announcement made Wednesday.
November 03, 2021
The co-founders of shuttered fecal testing startup uBiome can't ditch a U.S. Securities and Exchange Commission suit over allegations they used a fraudulent insurance billing scheme to raise $60 million from duped investors, a California federal judge ruled Wednesday.
March 18, 2021
The co-founders of the shuttered fecal testing startup uBiome on Thursday were hit with criminal charges in California federal court as well as a U.S. Securities and Exchange Commission suit for allegedly using a fraudulent insurance billing scheme to raise $60 million from duped investors.