A federal judge today sentenced Theranos founder Elizabeth Holmes to more than 11 years in prison for defrauding investors in the now-defunct blood testing company. “What went wrong? This is sad because Ms. Holmes is brilliant,” said U.S. District Court Judge Edward Davila, according to media reports from NBC News, Variety and more. Davila went […]
Elizabeth Holmes
Elizabeth Holmes seeks new trial after key witness expresses remorse over testimony
Former Theranos CEO Elizabeth Holmes is seeking a new trial as one of the key witnesses in her federal fraud trial expressed regret for their testimony. Holmes filed a motion on September 6 requesting a new trial after former Theranos lab director Adam Rosendorff went to her house to make amends about his testimony against her […]
Jury finds Elizabeth Holmes guilty on 4 counts
After more than 50 hours and seven days of deliberations, the Elizabeth Holmes federal fraud trial jury found her guilty on four counts of wire fraud and conspiracy to commit wire fraud. The San Jose, California jury, consisting of eight men and four women, also returned a verdict of not guilty on four other counts […]
Jury deliberations begin in Elizabeth Holmes federal fraud trial
The jury in the Elizabeth Holmes federal fraud trial begins deliberations today after three months of testimony from many witnesses. Both the prosecution and defense rested their cases last week with final arguments. The trial has seen testimonies from 32 witnesses, including Holmes herself, and more than 900 exhibits. During closing arguments, Holmes’ defense attorney […]
Elizabeth Holmes testifies former Theranos president was abusive
Former Theranos CEO Elizabeth Holmes faced cross-examination this week and emotionally recounted her relationship with former president Sunny Balwani. Holmes earlier this week testified that Balwani, who is her former romantic partner as well, was sexually and emotionally abusive throughout their relationship from 2009 to 2016. She also claimed that Balwani told her to rebuild […]
Elizabeth Holmes reportedly expresses remorse in criminal fraud trial
Elizabeth Holmes reportedly revealed some regret over her handling of business as the ex-Theranos CEO took the stand again in a criminal fraud trial. Taking the stand yesterday for the third day of testimony in federal court in San Jose, California, Holmes was said to have shown remorse while still shifting some of the blame […]
Theranos’ ex-CEO Elizabeth Holmes resumes testimony in fraud trial
The federal fraud trial of ex-Theranos CEO Elizabeth Holmes continued today, with Holmes herself resuming testimony. On Friday, Holmes spent an hour on the stand, according to The New York Times, mainly discussing the early days of Theranos, a company she started with claims of revolutionizing blood testing with technology that could analyze tiny amounts of […]
Former Safeway CEO points to red flags in Theranos partnership
Former Safeway CEO Steve Burd testified at the Elizabeth Holmes trial last week, saying the company’s partnership with Theranos failed due to multiple delays of the blood-testing devices. Burd thought a partnership with Theranos would be an opportunity for the grocery chain to expand into healthcare, he testified. He said he was drawn to Theranos […]
Elizabeth Holmes defense attorneys try to blame former Theranos lab director
Former Theranos lab director Adam Rosendorff took the stand again in the Elizabeth Holmes federal fraud trial to face cross-examination from the defense. Holmes’ defense attorney Lance Wade alleged that the issues in the lab were a result of Rosendorff’s “incompetence,” Mercury News reports. “To the extent that failures in the lab are the result […]
Former Celgene scientist says partnership with Theranos ended over poor test quality
A former Celgene scientist took the stand on Wednesday in the Elizabeth Holmes federal fraud trial to testify to a partnership the company had with Theranos on certain projects. Victoria Sung testified about speaking to Theranos in 2009 about helping the biopharmaceutical company in a drug trial for a medication in development to treat anemia. […]
Former Theranos lab director faces cross-examination, says he was source for Wall Street Journal uncoverings
Former Theranos lab director Adam Rosendorff took the stand for a second day at the Elizabeth Holmes federal fraud trial to face cross-examination from the defense. The lab director testified that he felt pressured by management to defend lab tests despite the inaccuracies, multiple media sources report. For example, in several email exchanges with Holmes’ […]
