A former Theranos lab director testified in the Elizabeth Holmes federal fraud trial that the company was aware of the multiple concerns raised by physicians and Theranos employees before the Walgreens launch. Adam Rosendorff, a Theranos lab director from 2013 until late 2014, testified on Sept. 24 that Holmes and other top executives were pushing […]
Theranos
Former defense chief James Mattis testifies in Elizabeth Holmes federal fraud trial
Former U.S. Secretary of Defense James Mattis testified on Wednesday in Elizabeth Holmes’ federal fraud trial that she misled him into believing the Theranos technology could save the lives of troops in battle. Four-star Gen. Mattis testified that he first met Holmes in 2011 while still serving in the Marine Corps. where he oversaw troops […]
First Theranos patient takes the stand, defense begins to shift blame onto Sunny Balwani
A former Theranos patient took the stand at Elizabeth Holmes’ federal fraud trial to testify that the blood testing technology inaccurately showed she was having a miscarriage. Brittany Gould testified on Tuesday that she had taken two Theranos blood tests at a Walgreens location in Arizona that both indicated her hCG levels were dropping, according […]
Former Theranos scientist testifies to blood test inaccuracies prior to Walgreens deal in Elizabeth Holmes trial
A former Theranos scientist testified on the inaccuracies of the company’s device during Elizabeth Holmes’ federal fraud trial. Surekha Gangakhedhar worked at Theranos from 2005 to 2013 and reported directly to Holmes at one point. She testified on Friday that Holmes allegedly pressured her to validate blood test results to speed up a rollout of […]
Theranos whistleblower testifies to blood analyzer inaccuracies in Elizabeth Holmes fraud trial
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 […]
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 […]