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, (No. 18-CR-00258-EJD) [1] was a United States federal criminal fraud case against the founder of now-defunct corporation Theranos, Elizabeth Holmes, and its former president and COO, Ramesh Balwani. The case alleged that Holmes and Balwani perpetrated multi-million dollar wire-fraud schemes against investors and patients. They had separate ...
Theranos Inc. (/ ˈ θ ɛr. ə n. oʊ s /) was an American privately held corporation [5] that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $9 billion valuation at its peak in 2013 and 2014.
Elizabeth Holmes was born on February 3, 1984, in Washington, D.C. [12] Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal.
As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year ...
Elizabeth Holmes, the founder and CEO of failed blood-testing company Theranos, has been sentenced to 11 years and 3 months in federal prison for her role in. Elizabeth Holmes, the founder and CEO ...
Elizabeth Holmes, the founder and CEO of failed blood-testing company Theranos, has been sentenced to 11 years and 3 months in federal prison for her role in. Elizabeth Holmes, the founder and CEO ...
Holmes, now 35, and Theranos’s former chief operating officer, Ramesh “Sunny” Balwani, have a pending criminal fraud case against them in a federal court in the heart of Silicon Valley.
The lesson of Theranos and the conviction of Elizabeth Holmes is that even big-name investors can be fooled. ... Those counts included three of fraud and one of conspiracy to defraud. The case ...