92 0 obj /Lang (EN-US) /K [26 388 0 R] >> /K 6 /P 319 0 R /K 47 /S /P 235 0 obj /Tabs /S << /Pg 245 0 R 284 0 obj /Type /Pages << >> When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. /S /LBody 84 0 obj Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh "Sunny" Balwani, were first indicted together on a dozen federal fraud charges stemming from their time . endobj 350 0 obj Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. endobj /S /LBody /P 313 0 R /K 186 0 R /Lang (EN-US) >> endobj /MCID 2 /Rotate 0 endobj endobj Getty Images. /Chart /Figure << >> About us Our mission is to make actionable information accessible to everyone at the time it matters. /Tabs /S endobj Help us make this company more transparent. /K 219 0 R 74 0 obj /K 22 Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. /Pg 248 0 R /S /LI /Tabs /S endobj 352 0 obj << As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. /S /LBody endobj Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. Instead of sticking with them, Holmes and her team could have put an equal amount of energy and ingenuity into developing a safe user-friendly technique to draw the adequate amount of blood necessary. << endobj 115 0 obj /Tabs /S Heinz and Kraft Foods. 212 0 obj 364 0 obj >> 193 0 obj /K 28 The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. << Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /S /LI /K [28 394 0 R] >> /S /LI Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. /K 117 0 R 197 0 obj /S /LBody /Annots [] << endobj /S /LI endobj /Pg 251 0 R 1343. /P 300 0 R >> /K 213 0 R 3553. /K 18 << /K 152 0 R /K 22 /S /LBody endobj /Lang (EN-US) << /P 8 0 R /P 33 0 R /P 331 0 R >> . Theranos Announces Expansion of Board of Directors and New /Lang (EN-US) /S /LBody /S /LI 358 0 obj /Pg 247 0 R 97 0 obj endobj /Annots [] /K 18 /P 33 0 R >> /P 291 0 R 217 0 R null null null 218 0 R null null null 219 0 R null << /Lang (EN-US) Balwani . /Lang (DE-DE) /P 281 0 R endobj /S /P /Pg 251 0 R /K 13 endobj Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. << null null 142 0 R null null null 143 0 R null null] << endobj /Annots [] /S /P >> >> /P 311 0 R The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. endobj /P 8 0 R << endobj /P 50 0 R /K 115 0 R /Type /Pages endobj : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /Pg 238 0 R /Lang (EN-US) 129 0 obj >> endobj /StructParents 16 382 0 obj /P 8 0 R /K 196 0 R /Lang (EN-US) 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /P 329 0 R >> << /Lang (EN-US) The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. >> Theranos Founder Elizabeth Holmes Found Guilty of Investor Fraud endobj 355 0 obj /P 8 0 R endobj endobj /Pg 250 0 R /P 48 0 R /Pg 255 0 R 238 0 obj endobj << /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] /K 24 /S /LI /S /LBody /Pg 235 0 R /P 51 0 R The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /Resources 420 0 R /P 336 0 R >> She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. /Lang (EN-US) /K 6 /Pg 235 0 R >> endobj /Type /Page 176 0 R null null null 177 0 R null null null 178 0 R null /MediaBox [0 0 612 792] /K 1 endobj /P 8 0 R 50 0 obj >> /S /LI endobj 313 0 obj /S /LBody /P 50 0 R >> /Lang (EN-US) /Pg 235 0 R /P 50 0 R 213 0 obj Research on the dark sides of creativity suggests that not only are people more likely to act dishonestly when they are in a creative state, but that cheating, in itself, can actually make people more creative. /Rotate 0 << >> endobj /P 282 0 R 308 0 obj endobj endobj >> /P 8 0 R endobj /P 42 0 R 137 0 obj 117 0 R null null null 118 0 R null null] /Parent 5 0 R endobj endobj CNMN Collection 174 0 obj /Lang (EN-US) /Pg 257 0 R /S /LI /Pg 238 0 R endobj 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R The average salaries at Bloomberg rank the highest, with their employees earning an. The University recognizes the importance of its location in New York City and . 71 0 obj endobj /P 8 0 R She now has "two very young children hertoddler and an infant," according to a recent court filing. /Lang (EN-US) /K 7 endobj 99 0 obj << /Rotate 0 Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. /P 23 0 R /K 14 /S /P << << 16 [null null 199 0 R null null null 200 0 R null null null /P 8 0 R << endobj 19 [null null 215 0 R null null null 216 0 R null null null /Pg 243 0 R 5 0 obj About Columbia | Columbia University in the City of New York /Pg 241 0 R << /S /P /Pg 255 0 R endobj /K 8 >> /Pg 258 0 R /S /LI << >> endobj endobj /K 0 endobj 8 0 obj >> /S /LI /Pg 235 0 R 285 0 obj >> << << /S /LI << << Subscribe to our channelhttp. endobj << /S /P 163 0 obj >> Help other job seekers by rating Theranos. Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. /K 129 0 R /P 8 0 R /P 260 0 R >> /Rotate 0 /Contents [489 0 R 490 0 R 491 0 R] << Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. endobj >> >> /Lang (EN-US) >> 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R such statements undermine confidence . Nies was hired at Theranos in March 2015 for $185,000 a year to be the senior manager of customer service and call center operations at the company's headquarters in Palo Alto, Calif., according . The effects of cheating in the service of good are not only treacherous for those who cheat, but also for those who interact and deal with the cheaters. /Lang (EN-US) << >> 3. /Pg 257 0 R /K 3 17 [null null 204 0 R null null null 205 0 R null null null /S /L /StructParents 0 endobj >> /S /P Ars may earn compensation on sales from links on this site. 178 0 obj >> << >> /Lang (EN-US) /S /L /StructParents 15 /P 312 0 R >> Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /P 42 0 R endobj THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. << >> 145 0 R null null null 146 0 R null null null 147 0 R null /P 8 0 R endobj /S /LBody endobj /Lang (EN-US) /Superscript /Span endobj /K 22 endobj >> >> /P 340 0 R A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. Elizabeth Holmes donated /StructParents 22 1343. 353 0 obj 211 0 R null null null 212 0 R null null null 213 0 R null 362 0 obj /Lang (EN-US) /Lang (EN-US) << /K 165 0 R endobj Who is Elizabeth Holmes and what did she do? - USA TODAY /Lang (EN-US) /P 55 0 R overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . The vision was to revolutionize blood testing and place these miniature labs in homes across the world. /K 6 endobj Mission Statement. << /S /P << /K 18 /P 8 0 R /K 223 0 R >> 201 0 obj /S /P 221 0 obj endobj endobj /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] /CropBox [0 0 612 792] << endobj /Pg 235 0 R /K 22 << endobj << 78 0 obj 367 0 obj /P 8 0 R /K 204 0 R The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. << 119 0 obj /Contents [457 0 R 458 0 R 459 0 R] Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. /S /P /S /LBody Instead, Theranos continued to produce mounting losses. << endobj 39 0 obj But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. /StructParents 1 endobj /P 342 0 R >> endobj The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /S /LBody << According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. 204 0 obj << << /S /LI /TextBox /Art /Annots [] /S /LBody /Lang (EN-US) 1. << /K 390 0 R 361 0 obj /S /L /P 278 0 R The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. /K 227 0 R /P 369 0 R /Pg 235 0 R endobj >> Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. 327 0 obj endobj Forbes has since . /Contents [473 0 R 474 0 R 475 0 R] /K 164 0 R 199 0 obj >> The Trial of Theranos's Elizabeth Holmes Opens /Type /Page /K 6 >> 159 0 obj /Pg 249 0 R endobj /Lang (EN-US) << 28 0 obj /Pg 241 0 R >> endobj /ParentTreeNextKey 24 /P 8 0 R /Lang (EN-US) >> >> /Lang (EN-US) 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R 116 0 obj /Pg 240 0 R /Pg 247 0 R /K 18 /K 194 0 R 318 0 obj endobj endobj 77 0 obj We just didn't know what new form it would take. /Lang (EN-US) /S /LBody << 388 0 obj >> /S /P << >> Theranos burned through $2M a week as investors were given rosy /P 8 0 R << 272 0 obj 288 0 obj endobj /MediaBox [0 0 612 792] /Contents [461 0 R 462 0 R 463 0 R] 48 0 obj /K 145 0 R /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /Creator (Acrobat PDFMaker 18 for Word) << /MediaBox [0 0 612 792] /P 51 0 R However, any sentence following conviction would be imposed by the court after consideration of the U.S. 195 0 obj Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. >> /P 48 0 R /Pg 242 0 R /K 6 /P 299 0 R An official website of the United States government. To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. /Pg 235 0 R 199 0 R null null] /CropBox [0 0 612 792] Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. << /S /LBody << /S /LBody Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. >> endobj endobj Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. >> /Pg 258 0 R /S /LI /K 122 0 R 302 0 obj >> /P 50 0 R The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. /S /P << /P 301 0 R 51 0 obj /Lang (EN-US) 383 0 obj null null 183 0 R null null null 184 0 R null null null 395 0 obj endobj endobj << /P 275 0 R >> /S /LI /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] << >> /S /LI Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . 170 0 obj /Tabs /S 264 0 obj /Type /MCR 201 0 R null null null 202 0 R null null null 203 0 R null >> Those biases can be understood as the blindness brought about by what seems preeminently important, the righteousness generated by what sounds inherently right, the operational myopia triggered by what is situated far away from us and the sense of potency derived from endeavoring to create something new. /StructParents 18 /Contents [421 0 R 422 0 R 423 0 R] /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] << /S /LI << >> /P 51 0 R /Tabs /S /Lang (EN-US) >> /K 130 0 R /P 8 0 R >> The largest donation made to a political party by a Theranos employee was endobj >> /P 48 0 R /P 355 0 R >> /Rotate 0 /P 364 0 R endobj << After all, one of Theranos top achievements was the very idea Holmes herself had developed an idea she never put through the rigor of scientific testing before defining its contours. /Nums [0 [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 94 0 R /S /LBody /MediaBox [0 0 612 792] Theranos and Elizabeth Holmes: the Marketing of Silicon Valley's endobj << /K 12 endobj /Pg 252 0 R /S /LI 296 0 obj >> /K 31 endobj Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. As years went by, whenever employees or experts raised warnings . What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek /S /LI /Tabs /S /K 116 0 R /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) /P 8 0 R << << 47 0 obj /P 63 0 R << PDF Theranos and Startup Culture: Vision or Fraud? - Berkeley Law >> /Resources 444 0 R /S /LI << /P 315 0 R /Pg 255 0 R << 337 0 obj 66 0 R 67 0 R 68 0 R 69 0 R] /S /LI 360 0 obj >> /Lang (EN-US) None of the information on this page has been provided or approved by Theranos. 152 0 obj 133 0 obj /Parent 5 0 R /S /LBody /P 380 0 R >> endobj /P 368 0 R /S /LI flagrantly vague and often outright untruthful statements. endobj endobj /Lang (EN-US) /S /TD /Lang (EN-US) /P 306 0 R endobj endobj 215 0 obj 69 0 obj /K [24 387 0 R] /S /LI /Type /Page /Lang (EN-US) endobj /Lang (EN-US) endobj /S /LBody /Count 5 /Pg 236 0 R >> In 2013, things had "started to get a bit tight," Yam said. /Annots [] /P 48 0 R - Sep 15, 2021 3:40 pm UTC. >> /K 10 /Lang (EN-US) /Lang (EN-US) In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. Last word: Your mission statement, and what it says about you endobj >> by Elizabeth Holmes. /K 14 /Pg 239 0 R /Pg 252 0 R June 15, 2018: Theranos Founder and Former Chief Operating Officer /K 176 0 R << It included jury selection, opening statements, released text messages, and an unexpected . The company claimed that it had devised . 132 0 obj Have you worked at Theranos? /Lang (EN-US) /ModDate (D:20180314090210-07'00') Many of those statements were outright falsehoods or, more charitably, danced around the truth. /K [14 389 0 R] /K 151 0 R << /S /P /P 50 0 R endobj /K [26 384 0 R] 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R /S /P /K 212 0 R Using a "nanotainer" (a small device designed to draw, retain, and analyze a . 11 [null null 169 0 R null null null 170 0 R null null null /K 4 /P 380 0 R 157 0 obj >> /Pg 237 0 R 20 [null null 221 0 R null null null 222 0 R null null 56 0 R << /Pg 257 0 R Connor Radnovich/The Chronicle. << /Lang (EN-US) /S /LI endobj /K 144 0 R >> And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. /P 8 0 R /MediaBox [0 0 612 792] "Sunny Balwani did not start Theranos," said the lawyer . /Resources 488 0 R 346 0 obj >> Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. /Pg 235 0 R 253 0 obj endobj 144 0 obj Elizabeth Holmes and Theranos: How "The Change in Healthcare" Turned /S /P 62 0 obj >> << /K 30 /Pg 258 0 R 208 0 obj /CropBox [0 0 612 792] 141 0 obj /Footnote /Note /Resources 480 0 R 147 0 obj . /P 295 0 R >> /K 14 << 256 0 obj >> endobj 96 0 obj endobj >> endobj /P 8 0 R /P 345 0 R << Theranos founder Elizabeth Holmes charged with massive fraud - CNNMoney /Annots [] Holmes unflappability may have made it difficult for Theranos board members and prospective clients to raise or press on with the right questions at the right time. >> >> << /S /P >> 41 0 obj endobj /MediaBox [0 0 612 792] 146 0 obj /P 48 0 R Quotes displayed in real-time or delayed by at least 15 minutes. /P 8 0 R /Lang (EN-US) >> Theranos employees are most likely to be members of the Democratic Party. /S /LBody Everything you need to know about the Theranos scandal 217 0 obj endobj << /MediaBox [0 0 612 792] 303 0 obj /S /P /P 8 0 R /K 140 0 R Now a mom of two, ex-Theranos CEO Elizabeth Holmes wants to delay << /Pg 254 0 R /A 259 0 R /Parent 14 0 R << /K 26 << >> /Parent 5 0 R 107 0 obj /Pg 250 0 R endobj /S /LI >> The mission and vision statements of Kraft Heinz are indicative of a company that desires to lead the rest in everything it does. The national average salary for a Theranos employee in the United States is $44,094 per year. Cheung said she joined the company largely on the star power of its CEO. endobj /CropBox [0 0 612 792] >> << /Lang (EN-US) /K [32 382 0 R] /Type /Page /K 51 >> /P 8 0 R 80 0 obj /Lang (EN-US) << << The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. 67 0 obj /K 200 0 R /MediaBox [0 0 612 792] /Type /Page << Walgreens ended its blood-testing partnership with the company, and the Department of Health and Human Services effectively banned Theranos in 2016 from doing any blood testing work at all. << 149 0 obj /Parent 14 0 R /K 12 /Pg 255 0 R null null 121 0 R null null null 122 0 R null null null /P 54 0 R << /Lang (EN-US) /P 380 0 R /P 372 0 R << /S /LI /P 59 0 R << >> >> endobj << endobj 344 0 obj /P 273 0 R endobj 17 0 obj /P 8 0 R /P 50 0 R endobj /S /LBody >> /Lang (EN-US) /P 298 0 R /Contents [477 0 R 478 0 R 479 0 R] /P 42 0 R >> /Lang (EN-US) >> >> /Marked true /K 208 0 R /S /P /S /P >> >> October 2015, the first in a series of Wall Street Journal articles challenged Theranos technology and expertise; by mid-2016, the advisory board disappeared and a fiduciary board was created. << /K 14 376 0 obj She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . << /P 290 0 R /Lang (EN-US) << /S /LBody /S /LBody /K 33 /P 48 0 R << 255 0 obj endobj /P 8 0 R /Lang (EN-US) Next to a perfectly dosed narrative of black turtlenecks, sprawling office facilities, glossy paper spreads and alluring marketing campaigns, the supposed Apple look-alike of the health technology industry tantalized investors and consumers with its mission, to facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. Its no surprise that many bought into it. >> endobj /K 14 /S /P /Resources 436 0 R /Pg 240 0 R /K 9 /K 217 0 R >> endobj /P 40 0 R /K 21 /P 346 0 R Theranos Inc. (/ r. 363 0 obj 299 0 obj endobj /P 267 0 R /S /P 89 0 obj endobj /Lang (EN-US) /P 50 0 R /S /LBody /Pg 257 0 R /P 354 0 R /S /LBody /Annots [] >> /K [111 0 R 112 0 R 113 0 R 114 0 R] endobj 108 0 obj /K 10 endobj I write about culture, leadership and ethics in business and work. /Pg 257 0 R Here's What Happened in Week 1 of Elizabeth Holmes' Theranos Trial /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R endobj Holmes said she was inspired to start the company in response to her fear of needles. endobj >> /P 324 0 R endobj /K 2 << /S /LBody By 2017, scientific and medical and technical boards were established. /S /LI >> endobj << A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. endobj /CropBox [0 0 612 792] /P 348 0 R /S /P /StructParents 10 /P 8 0 R 2023 Cond Nast. /K 14 /S /LBody >> /Pg 240 0 R 140 0 obj endobj >> /Pg 256 0 R Follow Company. >> SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. /Tabs /S /K 141 0 R All rights reserved. Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. /Lang (EN-US) A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. /S /LBody << << /K 156 0 R << 390 0 obj 307 0 obj 31 0 obj << endobj /Tabs /S 73 0 obj /O /Layout /P 8 0 R /K 20 265 0 obj >> /K [10 392 0 R] /K 21 /P 287 0 R << /Tabs /S It became evident that audited financial statements hadn't been prepared since 2009. /Rotate 0 << The Theranos founder intentionally deceived investors, a US . 241 0 obj >> 222 0 obj << 2018-03-14T09:02:10-07:00 endobj /Lang (EN-US) /Type /Page /P 44 0 R Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As /S /P >> 15 [null null 192 0 R null null null 193 0 R null null null >> << /Pg 240 0 R /K 12 >> << /StructParents 6 endobj Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . /Lang (EN-US) << >> (REUTERS/Carlo Allegri). endobj /S /P /P 50 0 R In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point.
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