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Still, patients who either paid in full or paid a copayment for a blood test would be considered as possible fraud victims. As such, the judge kept the 11 charges of wire fraud for investors and paying patients. [28] In May 2020, prosecutors added a twelfth fraud charge concerning test results from a patient in Arizona. In July 2020 ...
Elizabeth Anne Holmes (born February 3, 1984) is an American biotechnology entrepreneur who was convicted of fraud in connection with her blood-testing company, Theranos. [2] The company's valuation soared after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a ...
<p>Elizabeth Holmes and Ramesh Balwani, the former CEO and president of blood-testing startup Theranos, have been <a href="https://www.sec.gov/news/press-release/2018 ...
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.
The CEO of a California biotech company, Decision Diagnostics, claimed to have a finger-prick test that could detect Covid-19 and used multiple fake identities to pump up the company’s stock ...
Both have pleaded not guilty to charges that include defrauding investors, doctors and patients by falsely claiming Theranos could revolutionize medical lab testing, citing unique technology able ...
He and Holmes fraudulently represented that they had devised a revolutionary blood test that required only small amounts of blood, such as from a fingerstick. Both Balwani and Holmes were convicted of fraud. [3] The consequences of the fraud led to the collapse of Theranos and the loss of billions of dollars to investors. [4]
The Inventor: Out for Blood in Silicon Valley is a 2019 American documentary film, directed and produced by Alex Gibney. The film revolves around Elizabeth Holmes and her former company Theranos . It is considered a companion piece to the book, Bad Blood: Secrets and Lies in a Silicon Valley Startup .