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The cofounders of bankrupt poop-testing startup uBiome have been charged with fraud Business Insider

  Jessica Richman and Zachary Apte, the cofounders of the now shuttered microbiome company uBiome, are facing criminal and civil charges stemming from their efforts to build uBiome into a poop-testing powerhouse. The Securities and Exchange Commission alleged that Richman and Apte defrauded investors out of $60 million by giving a false impression of how well the company was doing. The married cofounders are also facing criminal charges in federal court in California. They were indicted on Thursday on charges including healthcare fraud and wire fraud, as well as related conspiracy charges. The SEC complaint alleged Richman, 46, and Apte, 36, portrayed uBiome as receiving health-insurance reimbursements for its tests, which tested poop samples for different conditions related to gut health. The complaint alleged the cofounders made millions as uBiome raised money from investors. "We allege that Richman and Apte touted uBiome as a successful and fast-growing biotech pioneer while hi

Maduro’s ‘miracle’ treatment for COVID-19 draws skeptics AP news

  CARACAS, Venezuela (AP) — Venezuela’s President Nicolás Maduro appears to be counting on yet another “miracle” to save his citizens from COVID-19, promoting a secretive solution with no published scientific evidence he claims will conquer the new coronavirus. “Ten drops under the tongue every four hours and the miracle is done,” Maduro said in a televised appearance on Sunday. “It’s a powerful antiviral, very powerful, that neutralizes the coronavirus.” But his government has released no evidence. He even kept secret the name of the “brilliant Venezuelan mind” behind it, saying he needed to protect them. Scientists at home and abroad remained skeptical. The local National Academy of Medicine said it appeared be derived from the common herb thyme. It’s not the first time the Venezuelan leader has promoted a cure. In October, he notified the Pan American Health Organization that Venezuelan scientists discovered a molecule that nullifies the replication capacity of the new coronavirus.