Enlarge / Theranos founder and former CEO Elizabeth Holmes and her partner, Billy Evans, right, leave the Robert F. Peckham Federal Building on November 23, 2021, in San Jose, Calif. (credit: Ethan Swope/Getty Images) Elizabeth Holmes was convicted today of two counts of criminal wire fraud and one count of criminal conspiracy to commit wire […]
Enlarge / Theranos founder and former CEO At the Holmes along with her partner, Billy Evans, right, leave the Robert F. Peckham Federal Building on November 23, 2021 in San Jose, Calif. (credit: Ethan Swope/Getty Images) Elizabeth Holmes spent over six hours on the stand yesterday, trying to make the case that, while mistakes were […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, on Monday, Nov. 22, 2021. Holmes targeted ultra-wealthy families as early backers of Theranos to avoid the potential pressure from larger investment firms to go public, according to an investor at the DeVos family office who kicked in $100 […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morris/Bloomberg ) The jury in Elizabeth Holmes’ criminal trial heard from Theranos’ founder and former CEO for the first time yesterday. What she said, however, didn’t come from the witness […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Nov. 2, 2021. (credit: David Paul Morris/Bloomberg) We’ve noticed a recurring theme in the criminal trial of Elizabeth Sherlock holmes: most of Theranos’ investors didn’t do their homework before writing a check. But yesterday, the particular […]
Enlarge In 2006, Alan Eisenman invested more than $1 million in Theranos, a then-promising medical diagnostic company founded by college dropout Elizabeth Holmes. Holmes had told him that her company was talking with Morgan Stanley about an IPO in 12–18 months and that the company would bring in $200 million in revenue by 2008. For […]
Enlarge / Former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building on September 17, 2021, in San Jose, California. (credit: Justin Sullivan/Getty Images ) Around 2016, Theranos’ fourth lab director, Kingshuk Das, noticed a problem. He was analyzing data from the company’s diagnostic […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morris/Bloomberg ) The prosecution had an up-and-down day in courtroom yesterday during the criminal trial of Elizabeth Holmes, the founder of failed medical diagnostic startup Theranos. Judge Edward Davila ruled […]
Enlarge / Theranos founder Elizabeth Holmes speaks on stage during the closing session of the Clinton Global Initiative 2015 on September 29, 2015, in New York City. (credit: JP Yim/Getty Images) Silicon Valley loves unicorns, the privately held startups that surge to $1 billion valuations and beyond. By that measure, Theranos was a very special […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Nov. 2, 2021. (credit: David Paul Morris/Bloomberg) As Theranos burned through cash, founder Elizabeth Holmes was apparently desperate to land a large investment from Walgreens—so desperate that she sent the drugstore’s executives two bogus pharma reports, […]