(SEC) charged Holmes and Balwani withfraudfor allegedly taking more than $700 million from investors while advertising a false product. Holmes settled the charges with the SEC by agreeing to pay a fine of $500,000, surrendering almost 19 million shares in Theranos (valued at more than $4 ...
Exclusive: Jennifer Lawrence is attaching herself to Adam McKay’s drama about medical company Theranos and its 32-year-old founder Elizabeth Holmes. Theranos is the blood-testing startup that once had Silicon Valley investors salivating over its commercial potential with a $9 billion valuation as...
On June 15, 2018, Holmes was indicted (along with her former boyfriend/Theranos COO Ramesh “Sunny” Balwani) on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Prosecutors alleged that the pair had intentionally defrauded investors, doctors, and—sadly, yes—...
Theranos founder Elizabeth Holmes married William "Billy" Evans secretly in 2019. The couple had their son, William, in 2021 and daughter, Invicta, in 2023.
theranos was under attack. six pages of text messages are some of the first documents to come out of holmes’ trial, which began this week, more than three years after she was indicted on charges of defrauding investors , as well as doctors and patients, about theranos’ capabilities. she...
"We don’t do quarterly calls with our other investors, many of whom invested much greater amounts than you did," Holmes wrote to Eisenman in a 2010 email. "We recognize you have been an investor for some time, and if we proceed with the transaction we are proposing we can provide you...
Theranos founder Elizabeth Holmes is reportedly seeking Silicon Valley investors for a new companyAvery Hartmans
Courtroom drawing of Elizabeth Holmes during her sentencing hearing on Nov. 18, 2022.(Vicki Behringer/Getty Images) "The wire fraud charges were associated with specific investors in Theranos," Gelman said. "To the extent that the facts and legal theories underlying these charges...
Elizabeth Holmes (L), founder and former CEO of Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose on Sept. 8, 2021. Nick Otto | AFP | Getty Images Theranos isn't the only bad apple out there, it's just the most rece...
—money is first paid back to her investors, because of the way shares in the company are structured. holmes, then, would be left with little more than empty labs and the embers of a company that flew close to the sun on an empty jetpack. photos from the 2015 new establishment summit ...