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On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
Theranos founder and CEO Elizabeth Holmes, center, walks into federal court with her partner Billy Evans, right, and her parents in San Jose, Calif., Friday, Nov. 18, 2022.
The trial began on August 31, 2021, [75] after being delayed for over a year due to the COVID-19 pandemic and Holmes's pregnancy. [76] At trial, Holmes testified on her own behalf for seven days, claiming among other things that she was misled by her staff about the technology, and that Balwani held sway over her during the romantic ...
A judge sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison after she was found guilty of wire fraud and conspiring to commit wire fraud in November 18, 2022, and ...
Elizabeth Holmes, the founder and chief executive of the medical device company Theranos, was convicted Monday on multiple counts of defrauding investors following a four-month trial in federal ...
The story of Holmes and her company, Theranos, has captured the world's interest, ... Although she is currently free on bond, her trial will reach a verdict today. Each fraud count Holmes faces ...
Alongside Erika Cheung and Adam Rosendorff, Shultz exposed the fraudulent practices at Theranos by using an alias to contact several regulators and publications about Theranos' fraud, after which media attention on Holmes' deceit caught on. [5] [14] Shultz is known as "the first" to speak out about Theranos. [29]
A witness whose testimony helped prosecutors convict Theranos founder Elizabeth Holmes says that her bid for a new trial mischaracterized statements he made after a jury found her guilty of fraud ...