Not just those two but also Ramesh "Sunny" Balwani. Now I think they're getting closer to the brains of the operation. They've all be charged with "fraud relating to the startup's fundraising activities". It looks like somebody is likely to go to jail. In addition, Holmes is "now barred from serving as the officer or director of a public company for 10 years. " What amazes me is that somebody was still willing to give them a "last minute $100,000,000 loan"!