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Biotech CEO who relied on multiple aliases sentenced to 7 years in prison for Theranos-like $28 million fraud involving a fake finger-prick Covid test Amanda Gerut April 13, 2024 at 12:45 PM
Theranos, which Holmes founded in 2003 at the age of 19, collapsed in March 2018 when she, Balwani and the $9 billion company were charged with fraud by U.S. regulators.
Elizabeth Holmes, the founder of shuttered blood testing company Theranos, was sentenced to 135 months, or 11 1/4 years, in prison on Friday for defrauding investors. The sentence falls short of ...
Disgraced tech entrepreneur reported to prison in Texas minutes before a court-imposed deadline on Tuesday
Without owning this patent, Theranos would have needed a license from Fuisz's patent to cover physician/patient alerts – a desirable feature in a medical analyzer. When Theranos discovered Fuisz had filed his patent, it responded by filing a lawsuit for patent theft alleging Fuisz had misused Theranos' existing patent technology.
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.
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
In 2011, the blood testing company Theranos and its CEO Elizabeth Holmes sued Fuisz and his sons, alleging that Fuisz had misappropriated a Theranos patent and used that information to file his own medical analyzer patent. [50] Theranos and Holmes were represented in the lawsuit by famed litigator David Boies. Boies alleged that the Fuiszes ...