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Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, on July 17, 2019. Reuters/Stephen Lam Elizabeth Holmes dropped out of Stanford at 19 to start Theranos and grew its value to $ 9 billion. Later, technology flaws were exposed, resulting in a months-long trial where Holmes was found guilty on three […]
RELATED STORIES Kate McKinnon will no longer be stepping into the role of disgraced Theranos founder Elizabeth Holmes, our sister site Deadline reports. The Saturday Night Live staple was set to play Holmes in The Dropout, a Hulu limited series based on the ABC News podcast of the same name. The project, which snagged a […]
Enlarge / Elizabeth Holmes speaks on stage during the closing session of the Clinton Global Initiative 2015 on September 29, 2015 in New York City. (credit: JP Yim/Getty Images) Theranos has told its investors that the company will wrap up, paying “unsecured creditors its remaining cash,” according to the Wall Street Journal. The company’s dissolution […]
Jeff Chiu/AP Theranos is closing up shop, The Wall Street Journal reported on Tuesday night, citing a shareholder email. Once a Silicon Valley darling, the startup blood-testing company became mired in scandal over the last few years. Its founder, Elizabeth Holmes, and her second-in-command are facing criminal charges on accusations that they defrauded investors, doctors […]
Enlarge (credit: David Paul Morris/Bloomberg via Getty Images) Over the last few years, the failed biomedical startup Theranos has become synonymous with some of the worst aspects of Silicon Valley. Through a combination of hubris, mendacity, and paranoid secrecy, the company fooled investors and the press into thinking it had created a nearly magical medical […]
Federal prosecutors filed criminal charges against Theranos founder Elizabeth Holmes and Ramesh Balwani, the blood-testing company’s former No. 2 executive, alleging that they defrauded investors out of hundreds of millions of dollars and defrauded doctors and patients.
Embattled Theranos founder Elizabeth Holmes faces 11 counts of wire fraud—but will continue to chair the company’s board. https://media.wired.com/photos/5b243872e330f44f58522674/master/pass/Elizabeth-Holmes-RTSKKUW.jpg
Elizabeth Holmes, founder and CEO of the blood-testing health technology company Theranos, and her business partner, have been indicted on charges of wire fraud and of defrauding investors, patients and doctors. Holmes and former Theranos COO Ramesh “Sunny” Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire […]
Hollis Johnson/Business Insider When Theranos learned what Wall Street Journal reporter John Carreyrou was digging into, the company went through some tremendous lengths to get ahead of the story. In Carreyrou’s new book, “Bad Blood,” he details the legal sit-downs with superstar lawyer David Boies, and the suspected private investigators that tailed some of his […]
Shayanne Gal/Business Insider During the rise and fall of Theranos, one of the company’s top executives stayed mainly out of the spotlight: its then-president Sunny Balwani. Not much is known about Balwani, who Wall Street Journal investigative reporter and author of “Bad Blood” John Carreyrou found was in a romantic relationship with Theranos founder and CEO […]
