uBiome controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile3 entries
2021
Investor-fraud and federal criminal charges
The SEC charged co-founders Jessica Richman and Zachary Apte with defrauding investors. They were also reported to face federal allegations involving conspiracy to commit fraud and money laundering.
2019
Medicare billing investigation and FBI search
The FBI searched uBiome's offices during an investigation into possible insurance fraud involving Medicare. Reported allegations included repeated or unauthorized patient billing and pressure on doctors to authorize tests.
2019
Bankruptcy and liquidation
Following the federal investigation and internal governance crisis, uBiome entered Chapter 11 bankruptcy and soon afterward Chapter 7 liquidation, ending the company's operations.