Sure. That part wasn't even illegal. The early investors were honestly told that Theranos was trying to invent a microfluidics solution. It crossed over into s

Sure. That part wasn't even illegal. The early investors were honestly told that Theranos was trying to invent a microfluidics solution. It crossed over into serious fraud when they stopped taking money to develop an approach, and started taking money on the pretence that they had developed an approach, when in fact they were just lying and performing the tests on commercial equipment they'd quietly bought elsewhere and hacked to use smaller samples (with resulting extremely poor accuracy). And then they really fucked up when they doubled-down on this fraud by showing FDA inspectors a sham microfluidics lab instead of the actual working lab that just used standard equipment they'd quietly bought through various shells.