As the Theranos scandal reached trial, commentators said it was remarkable how tightly Holmesclung toher original story and people who knew her say they doubt she has changed. Holmes was not been taken into custody after the verdicts. No date has yet been confirmed for sentencing, with a fur...
Disgraced Theranos founder Elizabeth Holmes "has the ambition to rise again" despite being jailed over a years-long scam that saw her become one of America's most celebrated tech billionaires, the creator of an award-winning podcast about the scandal has said. The...
Elizabeth Holmes, the founder of scandal-ridden health tech company Theranos, is set to go on trial next summer to face criminal charges for allegedly defrauding investors, doctors and the public,The Associated Press reported. Holmes founded Theranos in 2003, claiming that the company wou...
The SEC said they also misled the tech press to bolster the startup's profile and gain investment. Holmes and Theranos reached a settlement, while the SEC said it would take its case against Balwani to court. Holmes, who was age 19 when she started Theranos in 2003, secured more than $...
Elizabeth Holmes sentenced to more than 11 years for Theranos fraud The case threw a bright light on Silicon Valley's dark side, exposing how its culture of hype and boundless ambition could veer into lies. Holmes, 38, could have gotten up to 20 years in prison — a penalty that U.S....
Another employee who worked at Theranos, who quit after it became apparent the company was what she calls a "house of cards," asked not to be named in fear of Holmes and Balwani retaliating. Reflecting on the upcoming trial, which has been repeatedly delayed, the former employee says ...
Elizabeth Holmes, founder of the failed biotech start-up Theranos, was found guilty of four counts of defrauding investors on Monday. The Silicon Valley executive, who falsely promised her company would revolutionize blood testing with innovative technology, now faces a maximum of 20 years in priso...
She’s only human.Amanda Seyfriedmay not “agree” with whatElizabeth Holmesdid in allegedly defrauding people with her blood-test technology, but she did embrace her quirks withherDropoutrole. Related:‘The Dropout’: Inside Elizabeth Holmes’ Backstory and the Theranos Scandal ...
Carreyrou broke the Theranos scandal, revealing major accuracy problems with the company in 2015. In a court filing on Friday, Carreyrou's attorney argued that he should not be excluded from attending the trial. Carreyrou appears on Holmes' witness list but has not been subpoenaed. Witnesses ...
Former Theranos CEO Elizabeth Holmes was taken into custody Tuesday to begin serving her11-year sentenceat a Texas prison for swindling investors of hundreds of millions of dollars and lying about her biotech company's blood-testing technology. ...