One of Theranos’ whistleblowers testified on the inaccuracies in the blood analyzers that Theranos had touted to investors on the third day of Elizabeth Holmes’ federal fraud trial. Erika Cheung, a former Theranos lab associate, testified yesterday that the machines the company was using to conduct patient blood tests had inaccuracies of quality control test […]
Elizabeth Holmes
First witnesses in Elizabeth Holmes federal fraud trial take the stand
Two of the prosecution’s witnesses took the stand yesterday on the second day of Elizabeth Holmes’ federal fraud trial. Theranos’ former financial controller San Ho Spivey, who is referred to as Danise Yam, took the stand and testified about the company’s financial condition during its heyday. Yam told Assistant U.S. Attorney Robert Leach that Theranos […]
Elizabeth Holmes trial opens, accused of ‘lying and cheating’
Ex-Theranos CEO Elizabeth Holmes’ federal fraud trial began with federal prosecutors claiming she lied and cheated to get money. The prosecutors alleged on opening day yesterday that Holmes was manipulative and knowingly defrauded investors and patients through false and misleading claims, according to media reports. “This is a case about fraud, about lying and cheating […]
Jurors selected in Elizabeth Holmes’ Theranos fraud trial; start date set
The jurors who will weigh the evidence for and against Theranos founder Elizabeth Holmes were sworn in Thursday, setting the stage for the federal fraud trial to finally begin. The twelve jurors — seven men and five women, all residents of California’s Santa Clara County — were selected along with five alternates (two men and […]
Jury selection for Elizabeth Holmes fraud trial begins today
Jury selection for ex-Theranos CEO Elizabeth Holmes’ federal fraud trial is set to begin today in U.S. District Court in San Jose, California. Holmes faces 10 counts of wire fraud and two counts of conspiracy to commit wire fraud over allegations that she knowingly misled investors by claiming Theranos technology could revolutionize blood testing. She […]
Elizabeth Holmes trial jurors will get hear some about her lavish lifestyle
A federal judge has ruled that prosecutors in the Elizabeth Holmes fraud trial can describe some of the former Theranos CEO’s high-flying lifestyle. Judge Edward Davila, in an order filed May 22, found some lifestyle evidence was admissible because it allowed prosecutors to make a case about Holmes’ motive, knowledge and intent. Davila, however, barred […]
Elizabeth Holmes wants to blame Silicon Valley startup culture for Theranos fiasco
Ex-Theranos CEO Elizabeth Holmes’ lawyers want to present evidence about Silicon Valley startup culture as part of her federal fraud trial defense, according to media reports. “Silicon Valley exaggeration occurs, there’s going to be natural discussion of startup companies and how they operate,” Judge Edward Davila said during a hearing yesterday in federal court in […]
Theranos founder Elizabeth Holmes’s trial delayed again — this time over pregnancy
A federal judge in San Jose, Calif. has agreed to delay Theranos founder Elizabeth Holmes’s trial until Aug. 31, according to media reports. This is the fourth delay to Holmes’ trial — which has been continually delayed because of challenges caused by the COVID-19 pandemic. This time, the trial has been delayed another six weeks […]
Elizabeth Holmes pregnancy could mean another delay for fraud trial
Both the prosecution and defense in Elizabeth Holmes’ federal fraud case want the judge to delay jury selection until Aug. 31 because the Theranos founder is pregnant. If Judge Edward Davila agrees, this would be the fourth delay in Holmes’ trial. Originally scheduled to start July 28, 2020, the trial has been continually delayed due […]
Elizabeth Holmes, prosecutors trade accusations over lost evidence
Ex-Theranos CEO Elizabeth Holmes through her lawyers is blaming prosecutors’ “investigative failure” for the loss of a company database that would have shown the level of inaccurate blood-testing results. In a filing yesterday, Holmes’ lawyers claim that in the absence of information in the Laboratory Information System (LIS) database, the judge should not allow jurors […]
Elizabeth Holmes’ need for cash, clothes, travel just like other CEOs, attorneys say
Ex-Theranos CEO Elizabeth Holmes has set out to prove that the lure of wealth and fame did not lead her to commit fraud with her now-defunct blood-testing company. Attorneys for Holmes filed dozens of briefs this week seeking to refute prosecutors’ claims that Holmes’ desire for recognition and wealth allegedly motivated her to lie about […]
