Betsy DeVos, President Donald Trump's nominee for education secretary, has a stake in Palo Alto, Calif.-based blood testing startup Theranos, according to government ethics paperwork released Friday.
In her paperwork, Ms. DeVos said her stake in Theranos was valued at more than $1 million.
Theranos has drawn scrutiny from CMS and the FDA. The company has been sued multiple times over faulty blood tests, and federal prosecutors launched an investigation into the company in 2016 over allegations it misled investors by misrepresenting the readiness of its technologies and operations.
Ms. DeVos reported income from her Theranos holdings at less than $201.
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