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Keyword: theranos

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  • Elizabeth Holmes breaks down during fraud trial as she claims ex-boyfriend and Theranos co-founder Sunny Balwani abused her and forced her to have sex with him

    11/29/2021 6:45:53 PM PST · by outpostinmass2 · 58 replies
    Theranos founder Elizabeth Holmes sobbed as she accused her ex Sunny Balwani of abusing her and forcing her into sex during her fraud trial. On Monday, in her fourth day testifying in her fraud trial, Holmes, 37, accused Balwani, 59, of being abusive and controlling, and forcing her to have sex against her will during their 12 year relationship, which ended in 2016. 'He would force me to have sex with him when I didn't want to because he would say that he wanted me to know he still loved me,' said Holmes, in tears.
  • Buddhist Juror Excused From Theranos Trial Over Religious Concerns

    10/06/2021 3:20:20 PM PDT · by nickcarraway · 8 replies
    KTVU ^ | 9/6 | Evan Sernoffsky
    A second juror on Wednesday was excused from the Theranos trial after the woman expressed religious concerns about Elizabeth Holmes being punished if she's found guilty. Juror No. 4 told U.S. District Court Judge Edward Davila that she wanted to speak to him about concerns with her service. She said she was concerned she couldn't continue serving on the case because she's a Buddhist. "If she is found guilty and gets punishment from the government for that I feel guilty for that every day in my life," she told the judge.
  • A Look Back In Time: Gen. James Mattis is linked to a massive corporate fraud and nobody wants to talk about it

    06/05/2020 8:00:38 AM PDT · by SeekAndFind · 12 replies
    VOX ^ | 03/16/2018 | Matthew Iglesias
    Secretary of Defense James Mattis is implicated in one of the largest business scandals of the past decades, described by the Securities and Exchange Commission as an “elaborate, years-long fraud” through which Theranos, led by CEO Elizabeth Holmes and president Ramesh “Sunny” Balwani, “exaggerated or made false statements about the company’s technology, business, and financial performance.” Basically, their biotech startup was founded on the promise of faster, cheaper, painless blood tests. But their technology was fake. Mattis not only served on Theranos’s board during some of the years it was perpetrating the fraud after he retired from US military service,...
  • John Down Replies to Mattis

    06/04/2020 5:06:04 PM PDT · by AndyJackson · 31 replies
    Twitter ^ | 6/4/2020 | John Dowd
    Donald J. Trump @realDonaldTrump I thought this letter from respected retired Marine and Super Star lawyer, John Dowd, would be of interest to the American People. Read it!
  • Theranos vampire lives on: Owner of failed blood-testing biz's patents sues maker of actual COVID-19-testing kit

    03/19/2020 3:29:06 PM PDT · by nickcarraway · 27 replies
    The Register ^ | 18 Mar 2020 | Kieren McCarthy
    And 3D-printed valve for breathing machine sparks legal threatRemember Theranos? The blood-testing company worth billions whose CEO Elizabeth Holmes became a celebrity right up until the point when it became clear its revolutionary testing machines didn’t actually work as described? Well, Theranos is dead, and Holmes is still dealing with the legal repercussions, but her vampire company has come alive again – and in the very worst way: its reincarnation is suing another medical testing company for patent infringement. It gets worse. While Theranos’ patents, obtained by an outfit called Fortress Investment Group in 2018, do not relate to a...
  • Disgraced Theranos founder Elizabeth Holmes has 'SECRETLY MARRIED her hotel heir fiancé' [tr]

    06/11/2019 6:35:27 AM PDT · by C19fan · 19 replies
    UK Daily Mail ^ | June 10, 2019 | Sophie Wingate
    Elizabeth Holmes, founder of the bogus blood-testing startup Theranos, has reportedly got married in secret. The 35-year-old alleged scammer got hitched to her hotel heir fiancé William 'Billy' Evans, 27, according to a friend of his. The woman, who claimed she is Evans' pal, shared the news at a recording of the 'Bitch Sesh' podcast in San Francisco on Saturday night, according to Page Six.
  • Female Entitlement Pt. 1: Elizabeth Holmes of Theranos

    02/19/2019 11:42:02 PM PST · by OddLane · 14 replies
    Youtube ^ | 2/18/19 | Blonde
    The saga of Elizabeth Holmes and Theranos.
  • Blood-Testing Firm Theranos to Dissolve

    09/04/2018 7:55:29 PM PDT · by sitetest · 57 replies
    Wall Street Journal ^ | September 4, 2018 | John Carreyrou
    Theranos Inc., the blood-testing company accused of perpetrating Silicon Valley’s biggest fraud, will soon cease to exist. In the wake of a high-profile scandal, the company will formally dissolve, according to a shareholder email. Theranos will seek to pay unsecured creditors its remaining cash in coming months, the letter said. The move comes after federal prosecutors filed criminal charges against Theranos founder Elizabeth Holmes and 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.
  • Theranos founder Elizabeth Holmes charged with criminal fraud, conspiracy

    06/16/2018 10:09:03 AM PDT · by NohSpinZone · 30 replies
    Chicago Tribune ^ | 6/16/18 | By Ken Sweet
    Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company's former second-in-command. Holmes, who was once considered a wunderkind of Silicon Valley, and her former Chief Operating Officer Ramesh Balwani, are charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each, the U.S. Attorney's Office for the Northern District of California said late Friday. If convicted, they could face prison sentences that would keep them behind bars for the rest...
  • Blood, sweat and tears in biotech — the Theranos story

    05/15/2018 7:12:53 AM PDT · by Zuben Elgenubi · 26 replies
    Nature ^ | May 14, 2018 | Eric Topol
    Few scandals have so gripped both the health-care and technology industries as the seismic rise and fall of blood-testing company Theranos. In Bad Blood, acclaimed investigative journalist John Carreyrou, who broke the story in 2015, presents comprehensive evidence of the fraud perpetrated by Theranos chief executive Elizabeth Holmes. Specifically, Holmes and the company’s former president Ramesh ‘Sunny’ Balwani raised more than US$700 million through “elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance”, as the US Securities and Exchange Commission put it in March this year.
  • SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’

    03/14/2018 1:00:56 PM PDT · by ProtectOurFreedom · 40 replies
    New York Post ^ | 3/14/18 | Kevin Dugan
    Elizabeth Holmes — the Silicon Valley wunderkind whose blood-testing startup Theranos has collapsed in a slew of scandals — has been charged with “massive fraud” by the Securities and Exchange Commission. The SEC on Wednesday accused Theranos CEO Holmes and a top lieutenant of defrauding investors of more than $700 million through false claims about its blood-testing technology. Theranos and 34-year-old Holmes ran “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to the SEC. While Theranos had said it was on track to make $100 million by...
  • SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’

    03/14/2018 11:31:49 AM PDT · by jerod · 37 replies
    NY Post ^ | March 14, 2018 | 1:20pm | Updated | By Kevin Dugan
    Elizabeth Holmes — the Silicon Valley wunderkind whose blood-testing startup Theranos has collapsed in a slew of scandals — has been charged with “massive fraud” by the Securities and Exchange Commission. The SEC on Wednesday accused Theranos CEO Holmes and a top lieutenant of defrauding investors of more than $700 million through false claims about its blood-testing technology. Theranos and 34-year-old Holmes ran “an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance,” according to the SEC. While Theranos had said it was on track to make $100 million by...
  • Theranos avoids bankruptcy thanks to a last-minute loan

    12/23/2017 9:53:56 PM PST · by Enchante · 11 replies
    Engadget ^ | December 23, 2017 | Jon Fingas
    Theranos has come a long way from the days when it was a darling in the biotech industry. The Wall Street Journal's sources have claimed that the blood-testing firm has avoided bankruptcy by securing a $100 million loan from Fortress Investment Group. The move should keep Theranos afloat "through 2018," founder Elizabeth Holmes reportedly said in an email. Naturally, though, there are strings attached -- Fortress wants to see a return on its investment. Holmes reportedly said that Theranos has up its patent library as collateral, and that Fortress gets 4 percent equity. The loan is also subject to "certain...
  • Walgreen's $140 Million Lawsuit Shows Theranos Is Way Worse Than We Thought

    11/23/2016 11:10:50 PM PST · by CorporateStepsister · 15 replies
    Thrill List ^ | 11/23/2016, 2:58 PM | By Christina Stiehl
    <p>Theranos, the biotech company started by a 19-year-old Stanford dropout, has another hurdle to cross in its whole "we're totally a legit blood-testing company" campaign. This time, it turns out that tens of thousands of blood tests were voided, making them totally invalid. Whoops!</p>
  • Theranos's Insane Campaign To Punish Whistleblower, Who Happened To Be Famous Boardmember's Grandson

    11/21/2016 7:48:00 PM PST · by CorporateStepsister · 40 replies
    TechDirt ^ | Mon, Nov 21st 2016 5:13pm | by Mike Masnick
    We haven't really written much about the insane Theranos scandal, though we discussed it on our podcast. The whole story is pretty crazy -- involving a heavily hyped up company that appeared to basically be flat out lying to everyone about what it could do. The company still exists, but barely. The company's founder and CEO, who was plastered across magazine covers and compared frequently to Steve Jobs, has been banned from running a lab for two years, and the company is now facing a $140 million lawsuit from its biggest partner, Walgreens, who claims that Theranos repeatedly lied to...
  • Famed attorney David Boies severs legal ties with Theranos

    11/20/2016 3:37:10 PM PST · by CorporateStepsister · 39 replies
    The Wall Street Journal ^ | Nov 20, 2016 4:23 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Boies, 75, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Read: ‘Fraud is not a trade secret’: How a 27-year-old blew the whistle...
  • Theranos and David Boies Cut Legal Ties

    11/19/2016 12:07:29 AM PST · by CorporateStepsister · 13 replies
    The Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Theranos and David Boies Cut Legal Ties

    11/18/2016 11:53:04 PM PST · by CorporateStepsister · 7 replies
    Wall Street Journal ^ | Nov. 18, 2016 7:12 p.m. ET | By John Carreyrou
    Litigator David Boies and the law firm he founded, Boies, Schiller & Flexner LLP, have stopped doing legal work for Theranos Inc. after disagreeing about the strategy for handling ongoing government investigations of the blood-testing company, according to people familiar with the matter. Mr. Boies, 75 years old, has been one of the country’s best-known litigators since the late 1990s. He became Theranos’s outside counsel after being approached in 2011 by two investors in the Palo Alto, Calif., startup. He fiercely defended Theranos against questions about its technology and operations. Those efforts included threatening to take legal action against The...
  • Why is Elizabeth Holmes still leading Theranos?

    11/18/2016 11:38:20 PM PST · by CorporateStepsister · 25 replies
    San Francisco Business Times ^ | Nov 18, 2016, 1:40pm PST | Ron Leuty Reporter San Francisco Business Times
    It's worth asking why Elizabeth Holmes is still leading the embattled blood testing company Theranos Inc. But there may be a good reason why she still is in charge, one that has little to do with the scandal-ridden company's performance to date. Forget what venture capitalist Tim Draper — one of the first to invest in the Palo Alto company — implied this week that Holmes is being attacked because she's a young, female entrepreneur. The simple fact is that Theranos has not been able to deliver on its technology from a commercial, scientific or regulatory standpoint, and that falls...
  • Theranos Whistleblower Tells All On Intimidation And Coercion Tactics Employed To Silence Him

    11/18/2016 12:05:55 AM PST · by CorporateStepsister · 26 replies
    Zero Hedge ^ | Nov 17, 2016 7:20 PM | by Tyler Durden
    2016 has not been too kind to Elizabeth Holmes, the Steve-Jobs wannabe in charge of fraudulent Theranos. She has thus far been banned for 2 years from operating labs, removed from hosting fundraisers for Hillary and lost her entire net worth. And now, the Wall Street Journal has published the "tell-all" story of the whistle-blower, 26 year old Tyler Shultz, who brought the the whole Theranos farce crashing down. It's a sordid tale complete with all the expected twists and turns of a Jason Bourne thriller including intimidation, coercion and private detectives. Tyler Shultz is the grandson of George Shultz,...