Free Republic

How the Pentagon’s top-brass generals burned the careers of subordinates but then pivoted to lucrative careers all while losing the wars they were supposed to be winning. My new book, A Few Bad Men, details the mendacity and mad dishonesty of retired Marine General James “Mad Dog” Mattis. The fact that it was written by a Marine once under his command, whom he betrayed for the sake of politics and getting to slap on another star, says volumes about this once-lionized figure. It all goes back to an incident in Afghanistan in 2007, and the Court of Inquiry trial of...

A Canadian military officer who fears he was at the 'Ground Zero' of Covid two months before China officially acknowledged the virus has demanded an investigation into the suspicious outbreak of illness there. The long-serving officer, who cannot be named as he is still in the forces, was among the scores of athletes who fell sick with a debilitating illness after attending the World Military Games in Wuhan in October 2019. He said foreign competitors found the city of 11 million people 'like a ghost town', and so many cases of a mysterious virus afflicted the Canadian team that a...

After working at Theranos Inc. for eight months, Tyler Shultz decided he had seen enough. On April 11, 2014, he emailed company founder Elizabeth Holmes to complain that Theranos had doctored research and ignored failed quality-control checks. The reply was withering. Ms. Holmes forwarded the email to Theranos President Sunny Balwani, who belittled Mr. Shultz’s grasp of basic mathematics and his knowledge of laboratory science, and then took a swipe at his relationship with George Shultz, the former secretary of state and a Theranos director. “The only reason I have taken so much time away from work to address this...

Last year she was on top of the world, but now Elizabeth Holmes has a net worth of zero. Holmes, who is the founder of blood-testing company Theranos, was at the top of Forbes' list of the richest self-made women in America with a net worth of $4.5billion last year. However, Forbes has lowered their estimate of her net worth to nothing, amid allegations that the blood-testing company she founded in 2003 has inaccurate tests and is being investigated by federal agencies. Theranos Inc was sued on Thursday, accused of endangering customer health through 'massive failures' that misrepresented the accuracy...

A San Francisco-based hedge fund has filed a lawsuit against Theranos Inc, accusing the blood testing company of using fraudulent methods to attract an investment of nearly $100 million. The hedge fund, Partner Fund Management LP (PFM), filed the lawsuit in the Delaware Court of Chancery on Monday afternoon, a letter to the hedge fund's investors said. 'Through a series of lies, material misstatements, and omissions, the defendants engaged in securities fraud and other violations by fraudulently inducing PFM to invest and maintain its investment in the company,' said the letter, which was reviewed by Reuters.

Last year, Elizabeth Holmes topped the FORBES list of America’s Richest Self-Made Women with a net worth of $4.5 billion. Today, FORBES is lowering our estimate of her net worth to nothing. Theranos had no comment. Our estimate of Holmes’ wealth is based entirely on her 50% stake in Theranos, the blood-testing company she founded in 2003 with plans of revolutionizing the diagnostic test market. Theranos shares are not traded on any stock market; private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company. Since then, Theranos has been hit with allegations...

Theranos, a onetime star Silicon Valley startup focused on health technology, is closing its consumer blood-testing facilities amid its struggles with US regulators. The company, which has been seeking to disrupt the medical testing sector with new technology, said the closings will mean cutting some 340 jobs. "After many months spent assessing our strengths and addressing our weaknesses, we have moved to structure our company around the model best aligned with our core values and mission," company founder Elizabeth Holmes said in an open letter.

Last year, Elizabeth Holmes topped the FORBES list of America’s Richest Self-Made Women with a net worth of $4.5 billion. Today, FORBES is lowering our estimate of her net worth to nothing. Theranos had no comment. Our estimate of Holmes’ wealth is based entirely on her 50% stake in Theranos, the blood-testing company she founded in 2003 with plans of revolutionizing the diagnostic test market. Theranos shares are not traded on any stock market; private investors purchased stakes in 2014 at a price that implied a $9 billion valuation for the company. Since then, Theranos has been hit with allegations...

Theranos, the embattled blood-testing laboratory, said on Monday that federal officials were conducting a criminal investigation into the company, adding to a series of questions from officials about its inner workings. In a note to outside partners, the company said that the Justice Department had requested documents and that the investigation was active. The note also said that the Securities and Exchange Commission was investigating the company.

Federal health regulators have proposed banning Theranos Inc. founder Elizabeth Holmes from the blood-testing business for at least two years after concluding that the company failed to fix what regulators have called major problems at its laboratory in California.

DENVER — A Colorado man who died of West Nile virus last year was likely infected through a blood transfusion, a report from the Centers for Disease Control and Prevention found. The man, who was undergoing treatment for non-Hodgkin’s lymphoma, began developing West Nile symptoms after 29 days in the hospital, sharply narrowing the number of ways he could have been exposed to the virus, according to the CDC’s Morbidity and Mortality Weekly Report. He died after 47 days in the hospital. Eighteen days prior to showing symptoms, the patient received a blood transfusion that health officials now believe contained...