Theranos Founder Elizabeth Holmes Attempted to Flee US, Prosecutors Claim
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BBC ^
| 1/22 | Madeline Halpert
Theranos founder Elizabeth Holmes attempted to flee the US shortly after her conviction on fraud charges last year, prosecutors claim.According to a new court filing, the 38-year-old bought a one-way ticket to Mexico last January. "Only after the government raised this unauthorised flight... was the trip cancelled," prosecutors said. Holmes
was convicted for defrauding investors in her blood testing start-up that was once valued at $9bn (£7.5bn).
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Cory Booker asks for leniency for Theranos fraudster Elizabeth Holmes: Wants to make world 'a better place'
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Fox News ^
| November 18, 2022 | Gabriel Hays
Booker argued to U.S. District Judge Edward Davila that Holmes was a "thoughtful" and philanthropic individual who wants to "make a difference in the world" and asked for a "fair and just sentence." Holmes
faces up to 20 years in prison at her sentencing Friday after being convicted on three felony counts of wire fraud and one felony count of conspiracy to commit fraud. She was found to have misled investors and inspectors for years about the capabilities of her company Theranos' blood-testing technologies, en route to a $9-billion valuation of her company and a host of flattering media profiles...
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Biden played big role in promoting convicted fraudster Elizabeth Holmes and Theranos
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https://www.washingtonexaminer.com ^
| by Jerry Dunleavy, Justice Department Reporter | | January 03, 2022 07:46 PM
Then-Vice President Joe Biden played a key role in helping further the billion-dollar con job perpetrated by Elizabeth Holmes, lavishing the disgraced Theranos founder with praise in 2015. Holmes,
whose company falsely claimed to be able to conduct wide-ranging and revolutionary life-saving tests using only tiny drops of blood, was found guilty on Monday on one federal charge of conspiracy to defraud investors and three counts of wire fraud. She faces up to 20 years in prison per count. Holmes, now 37, and her longtime business partner Ramesh “Sunny” Balwani were indicted in June 2018 for two counts of conspiracy...
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Theranos founder Elizabeth Holmes has been found guilty of 4 fraud-related charges
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MSN ^
Theranos founder Elizabeth Holmes has been found guilty on 4 counts of wire fraud and conspiracy to commit wire fraud after 7 days of jury deliberation. Jurors
found her not guilty on four other counts and failed to reach a verdict on three others. Her trial spanned more than four months and featured bombshell testimony from investors, ex-employees, and Holmes herself.
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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
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Dailymail ^
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.
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Disgraced Theranos founder Elizabeth Holmes plans an insanity defense because she was suffering from a 'mental disease' when she 'defrauded investors out of millions with her fake blood testing technology'
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UK Daily Mail ^
| September 10, 2020 | Megan Sheets
Disgraced Theranos founder Elizabeth Holmes may argue that she was suffering from a 'mental disease' when she allegedly defrauded investors out of hundreds of millions of dollars with her fake blood testing technology. The
tentative plan for a so-called insanity defense was revealed on Wednesday when the US District Court in San Diego ruled that experts selected by the prosecution could examine Holmes. Judge Edward Davila authorized the examinations after Holmes' lawyers said they intended to introduce expert evidence from a clinical psychologist 'relating to a mental disease or defect or any other mental condition of the defendant bearing on...
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Disgraced Theranos founder Elizabeth Holmes is to stand trial in the summer of 2020 [tr]
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UK Daily Mail ^
| June 28, 2019 | Sophie Wingate
A date has been set for the trial of Theranos founder Elizabeth Holmes, 35, who could face up to 20 years in prison and millions of dollars in fines for fraud. U.S.
District Court Judge Edward Davila on Friday scheduled the criminal trial for Holmes and her former deputy and ex-boyfriend, Ramesh 'Sunny' Balwani, 54, for August 4 of next year, with jury selection kicking off the week before. The pair face will face trial in federal court on charges that they lied to doctors and patients about test results and deceived investors about the finances of the now-defunct Silicon...
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Disgraced Theranos founder Elizabeth Holmes has 'SECRETLY MARRIED her hotel heir fiancé' [tr]
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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.
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Female Entitlement Pt. 1: Elizabeth Holmes of Theranos
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Youtube ^
| 2/18/19 | Blonde
The saga of Elizabeth Holmes and Theranos.
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Theranos founder Elizabeth Holmes charged with criminal fraud, conspiracy
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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...
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Theranos founder Holmes, President Balwani indicted on wire fraud charges
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Reuters ^
| June 15, 2018 | Reuters Staff
According to the indictment, Holmes and Balwani encouraged doctors and patients to use the company’s blood testing services even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, the department said in a statement.
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SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’
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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...
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SEC accuses Theranos CEO Elizabeth Holmes of ‘massive fraud’
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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...
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Why is Elizabeth Holmes still leading Theranos?
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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...
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Theranos CEO Elizabeth Holmes is a victim, venture capitalist Tim Draper says
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CNBC ^
| November 15 2016 | Michelle Fox | @MFoxCNBC
Embattled Theranos CEO Elizabeth Holmes is a victim who has been "totally attacked," venture capitalist Tim Draper told CNBC on Tuesday. Holmes has been under fire since a series of reports by The Wall Street Journal suggested the blood-testing start-up's testing devices were flawed. "Elizabeth
Holmes is a great example of maybe why the women are so frustrated. She is a woman entrepreneur who built a fabulous company, did great things for consumers and she got attacked," the founding partner of Draper Associates and Draper Fisher Jurvetson said in an interview with "Closing Bell." "This is a great entrepreneur who...
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Elizabeth Holmes 'scolded employees for speaking and had lawyers patrol Theranos' Silicon Valley HQ
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The Daily Mail ^
| 22 October 2016 | Jennifer Smith For Dailymail.com
The widow of a scientist who killed himself in fear he was about to lose his job at troubled bio-tech start-up Theranos has told of the company's paranoid culture. Ian
Gibbons, the head scientist at the blood test company, died after taking an overdose of painkillers in May 2013 within hours of being summoned for a meeting. According to his widow, Rochelle, he had found faults in machines the company claimed would 'change the world' by being able to diagnose diseases from a single pinprick of a patient's blood. Having recently been diagnosed with cancer, he stopped going to work...
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Theranos CEO Elizabeth Holmes Banned From Lab Work for 2 Years
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AP via Inc.com ^
| July 8, 2016 | Staff
<p>PALO ALTO, Calif. (AP) -- Theranos says the federal government has banned founder and CEO Elizabeth Holmes from owning or running a medical laboratory for two years.</p> <p>The company announced the decision by the Centers for Medicare & Medicaid Services on Thursday.</p>
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Theranos founder Elizabeth Holmes banned from operating labs
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The Verge ^
| July 7, 2016 | Elizabeth Lopatto
Elizabeth Holmes, the founder of blood-testing company Theranos, has been banned from operating labs in the US for two years, the Silicon Valley company announced in a press release.
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$4.5 Billion To Nothing: Forbes Revises Estimated Net Worth Of Theranos Founder Elizabeth Holmes
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Forbes ^
| June 21, 2016 | Matthew Herper
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...
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Regulators Propose Banning Theranos Founder Elizabeth Holmes for at Least Two Years
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WSJ ^
| April 13,2016 | John Carreyrou and Christopher Weaver
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.
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