UBiome startup execs quit amid FBI probe

Jul 01, 2019

UBiome’s interim CEO, John Rakow, who took over in the wake of a Federal Bureau of Investigation's search of the startup’s San Francisco offices in late April, has left the company.

Additionally, uBiome co-founders Jessica Richman and Zac Apte have now resigned from the company’s board.

The lab-testing startup is being investigated by the FBI after evidence emerged that the company had been tweaking bills and records in order to get more payments out of medical insurers. According to the allegations, the company was billing government agencies like Medicare for tests that weren't medically necessary — making it a federal crime.

The company will now be led on an interim basis by three directors of consulting firm Goldin Associates.

Read the WSJ coverage

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