Former Theranos COO set to be sentenced
Ramesh "Sunny" Balwani, the former chief operating officer of failed blood testing startup Theranos, is set to be sentenced on Wednesday for fraud, marking an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the r.....»»
Elizabeth Holmes trial hit by new concern: losing too many jurors
The high-profile trial of Theranos founder Elizabeth Holmes was delayed multiple times before kicking off last month. Now there are questions about whether there will be enough jurors to get through the second half of the trial......»»
“Uh, no”—Pfizer scientist denies Holmes’ claim that Pfizer endorsed Theranos tech
Pfizer diagnostic director said Theranos report was “not believable.” Enlarge / Theranos founder and former CEO Elizabeth Holmes inside the Robert F. Peckham US Federal Court on June 28, 2019, in San Jose, Calif. (credit: Justin Su.....»»
Former mobile carrier worker sentenced for role in SIM-swapping attacks
The US Department of Justice (DoJ) writes that Defiore accepted multiple bribes for performing the switches. The act usually requires some form of social engineering but can be carried out with a lot more ease if criminals involve cellular provider e.....»»
Elizabeth Holmes personally approved investor presentations, court hears
Jury hears details about sketchy investor demos and marketing inaccuracies. Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morri.....»»
Theranos devices ran “null protocol” to skip actual demo for investors
Holmes personally approved of scripted tours, court hears. Enlarge / Theranos founder Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team on August 31, 2.....»»
He took a job with his college buddy"s sister, Elizabeth Holmes. Now he"s a witness in her trial
To many people a decade or so ago, Elizabeth Holmes was the founder of high-flying blood-testing startup Theranos. To Daniel Edlin, she was the sister of his Duke University college buddy, Christian......»»
Theranos’ second lab director got $5K a month to rubber-stamp forms
COO Balwani hired his longtime dermatologist to run Theranos’ lab. Enlarge / Elizabeth Holmes, founder and former CEO of blood-testing and life sciences company Theranos, leaves the courthouse with her husband, Billy Evans, after the.....»»
Holmes used fake pharma reports to sell Theranos tech to Walgreens, prosecution says
Walgreens thought “the technology worked as we were told.” Enlarge / Theranos founder Elizabeth Holmes. (credit: Getty | Gilbert Carrasquillo) Theranos founder Elizabeth Holmes gave Walgreens executives fake reports from m.....»»
Theranos device “made a bunch of noise” but did nothing else in Safeway demo
Grocer did over 100 hours of due diligence on Theranos deal, ex-CEO says. Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morris/.....»»
Safeway spent $367M to prepare for Theranos tests that never came
Elizabeth Holmes' charisma sealed the deal, but Theranos never delivered. Enlarge / Elizabeth Holmes, founder and chief executive officer of Theranos, is on trial for wire fraud. (credit: David Paul Morris/Bloomberg/Getty Images).....»»
Former Safeway CEO testifies in trial of Elizabeth Holmes
Former Safeway CEO Steven Burd testified Wednesday during the criminal trial of Elizabeth Holmes about his company's decision to invest heavily in a partnership with her blood testing startup Theranos that ultimately failed to get off the ground......»»
Former Theranos lab director "grilled" over course of six days in trial of Elizabeth Holmes
In the criminal trial of Elizabeth Holmes, one witness has hogged the spotlight so far: former Theranos lab director Adam Rosendorff......»»
Elizabeth Holmes’ defense strikes back in cross-examination of lab director
Emails show director left "out of the loop" in hit-or-miss cross-examination. Enlarge / Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building and US Courthouse in San Jose, Calif., on Wednesday, Sept. 22, 2021.....»»
Theranos device failed pharma evaluation, while lab director cleared it for seven tests
Pharma scientist tells court Theranos’ device was “bad” at testing blood. Enlarge / Theranos founder Elizabeth Holmes. (credit: Getty | CNBC) A scientist who worked at a Theranos partner said that her company did not “comprehensively v.....»»
Former lab director who helped reporter break Theranos story says he wanted to "alert the public"
The testimony of a former Theranos lab director is set to continue Wednesday in the criminal trial of the failed blood-testing startup's founder and former CEO, Elizabeth Holmes. It will mark the third day that jurors will hear from the man who is no.....»»
Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors
Emails show patient reported injuries when Theranos test prompted dosing change. Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Courthouse in San Jose, C.....»»
Former lab director testified Theranos prioritized PR and funding over patient care
On Tuesday, the testimony of a former Theranos lab director is set to continue in the criminal trial of the failed blood-testing startup's founder and former CEO, Elizabeth Holmes. Attorneys for Holmes have previously argued that the accuracy and rel.....»»
In the Elizabeth Holmes criminal case, her relationship with the media is also on trial
For a time, Elizabeth Holmes was a media darling. The college dropout who started her blood-testing company Theranos at 19 graced the cover of magazines such as Forbes, Fortune, and Inc. in her signature black turtleneck to help cultivate her image a.....»»
Emails show Elizabeth Holmes directing response to failed Theranos tests
Lab director “felt pressured to defend the company’s results to physicians." Enlarge / Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building and US Courthouse in San Jose, Calif., on Wednesday, Sept. 22, 2021. Holme.....»»
Former Reddit CEO Asks: Why Is Theranos" Holmes the Only Tech CEO Facing Prosecution?
Federal prosecutors allege that Elizabeth Holmes and the No. 2 at Theranos, Ramesh "Sunny" Balwani, "broke the law by deceiving investors about how well the business was doing and the capabilities of its testing machines, in addition to allegedly pro.....»»