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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.
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 ...
A federal judge on Friday sentenced disgraced Theranos CEO Elizabeth Holmes to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing ...
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 ...
Theranos whistleblower Tyler Shultz has welcomed the guilty verdicts in the trial of Elizabeth Holmes. On Monday, Holmes, the founder and former CEO of Theranos, was found guilty on four fraud ...
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]
During his 13-week trial, Balwani's defense portrayed him as a subordinate of Theranos founder Elizabeth Holmes, who was found guilty in January of defrauding investors. His lawyers contended he ...
The Theranos ‘advisory’ board should have been on trial too. 14:45, Bevan Hurley. Writing for The Independent after Elizabeth Holmes was sentenced late last year, James Caan argued that the ...