Elizabeth Holmes

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Rep Says Elizabeth Holmes Conned Betsy DeVos' Family

Wealthy clan doubled Theranos investment to $100M

(Newser) - Former Education Secretary Betsy DeVos and her billionaire family were among the many people misled by Theranos founder Elizabeth Holmes, a rep testified Tuesday. Lisa Peterson, who works on investments for the DeVos family, said she was asked to look into Theranos in 2014 after one of her bosses spoke...

Texts Expose Elizabeth Holmes' Romance With 'Tiger'

Theranos founder and Sunny Balwani met in 2002

(Newser) - The trial of Theranos founder Elizabeth Holmes involves a romance portion, with prosecutors diving into Holmes' longtime relationship with Ramesh "Sunny" Balwani. Holmes and Balwani, who himself faces fraud charges in a trial slated for early next year, met in a 2002 language-immersion session in China when they were...

At Elizabeth Holmes' Trial, a Familiar but Unexpected Face

Ex-SecDef James Mattis testified that former Theranos CEO misled him on blood-testing tech

(Newser) - Former US Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle. Mattis' appearance came...

Theranos Patient Who Was 'Surprised, Sad' Testifies

She's the first of a planned 11 patients to take the stand at Elizabeth Holmes' trial

(Newser) - After receiving two blood test results from Theranos indicating she might be miscarrying, Brittany Gould discussed options for terminating the pregnancy with a nurse practitioner. But the test results were wrong, and Gould, who testified Tuesday at the criminal trial of former Theranos CEO Elizabeth Holmes, ended up delivering a...

Elizabeth Holmes Trial Proves Boys' Club Is Alive and Well

Ellen Pao wonders why male tech execs accused of fraud aren't held to same standard

(Newser) - Ellen Pao thinks Elizabeth Holmes should be held accountable for her actions as CEO of the not-quite-what-it-appeared Theranos blood-testing company. But in an essay at the New York Times , Pao writes that something else is true in regard to Holmes' ongoing trial: It "can be sexist to hold her...

Trial: She Was 'Starstruck' by Holmes, but Not for Long

Theranos whistleblower Erika Cheung testified Tuesday

(Newser) - Tuesday marked the second day that jurors in the Elizabeth Holmes case heard from witnesses, specifically Theranos' controller and a lab worker-turned-whistleblower. A recap:
  • The Wall Street Journal reports the finance-related testimony from controller Danise Yam was meant to bolster prosecutors' assertion that Holmes intentionally lied to investors. Yam, who
...

A Bizarre Ruse Played Out at Elizabeth Holmes' Trial

Reporters say an 'everyman' named Hanson who came to watch was really Bill Evans

(Newser) - If you've been captivated by the twists and turns of the Theranos saga, get ready for one of the arguably least consequential but most bizarre ones. NPR reports that an "everyman" trial observer who showed up at court during jury selection and shot the breeze with reporters, painting...

Elizabeth Holmes&#39; Trial Delayed Over COVID Exposure
Elizabeth Holmes'
Trial Delayed
Sep 10, 2021 1:17 AM CDT

Elizabeth Holmes' Trial Delayed

Juror may have been exposed to COVID over Labor Day weekend

(Newser) - The day after Elizabeth Holmes' trial began , it was delayed. At an emergency virtual hearing Thursday night, the judge told defense and prosecution lawyers that Juror #9 emailed him Thursday revealing he may have been exposed to COVID-19 over Labor Day weekend and was awaiting test results. Proceedings will resume...

'A Failed Business Does Not Make a CEO a Criminal'

Opening arguments begin in Elizabeth Holmes trial

(Newser) - The fraud trial of Elizabeth Holmes got underway on Wednesday, and the Wall Street Journal notes that her defense team made a point to let the jury know Holmes is a new mom in opening statements. Attorney Lance Wade pointed out the father of the baby, partner Billy Evans, in...

Theranos CEO Elizabeth Holmes Living at $135M Green Gables Estate

Her trial begins Wednesday

(Newser) - The former CEO of blood-testing startup Theranos goes on trial starting Wednesday. Elizabeth Holmes, 37, faces up to two decades behind bars on charges that her company, once valued at $10 billion, defrauded patients, some of whom will be allowed to testify . Her defense is expected to paint the picture...

Elizabeth Holmes to Say Ex Abused, Controlled Her

The Theranos founder's lawyers filed a motion saying her much older then-boyfriend gave her PTSD

(Newser) - The crux of the Elizabeth Holmes legend is that she was just a kid when she started a company that was at one point valued at $10 billion. Holmes was 19 when she dropped out of Stanford to start Theranos. Holmes worked with her then-boyfriend, Ramesh “Sunny” Balwani. Balwani...

Elizabeth Holmes Loses Bid to Keep Patients Out of It

Former Theranos patients will be allowed to testify

(Newser) - "The most powerful evidence often comes from patients themselves," a Florida attorney who has handled dozens of federal fraud cases tied to the health industry tells the Wall Street Journal , saying they can make the details of the case come alive for the jury. On Wednesday, a judge...

Theranos Founder Elizabeth Holmes Is a Mom

The child was born last month

(Newser) - The baby who delayed Elizabeth Holmes' criminal fraud trial was born last month. The Theranos founder gave birth to William Holmes Evans, her first child with partner Billy Evans, on July 10, ABC News reports. Holmes' trial on charges that she defrauded investors, doctors, and patients about her blood-testing startup...

Elizabeth Holmes Merch Is a Hot Seller

Alleged fraudster still has lots of fans

(Newser) - In spite of her upcoming fraud trial —or maybe because of it—the Elizabeth Holmes brand appears to still be a hot one, reports CNBC . The outlet found all kinds of fast-selling merchandise brandishing the name of Holmes or her defunct Theranos company on sites ranging from eBay to...

Back in Court, Holmes Looks on Verge of Small Win

Judge suggests it could be 'dangerous' for jurors to hear details of her luxury lifestyle

(Newser) - Former Theranos CEO Elizabeth Holmes' trial on fraud charges is still months away, but she was back in court for the first time in more than a year this week as the sides argued over what information should be included. The argument about whether jurors should hear about Holmes' luxury...

Founders of Poop-Testing Startup Accused of Huge Fraud
Founders of Poop-Testing
Startup Accused of Huge Fraud
in case you missed it
Mar 27, 2021 10:02 AM CDT

Founders of Poop-Testing Startup Accused of Huge Fraud

Federal prosecutors say Ubiome deceived patients, doctors with bogus tests

(Newser) - Not too long ago, the company was a trendy medical startup being compared with another trendy medical startup, Theranos. And now, as with Theranos , the founders are facing allegations of running a huge fraud, reports the San Francisco Chronicle . Zachary Schulz Apte and Jessica Sunshine Richman, co-founders of the now-defunct...

Fraud Trial Delayed Due to Defendant's Pregnancy

Elizabeth Holmes is due to give birth in July

(Newser) - The criminal fraud trial of former Theranos CEO Elizabeth Holmes has been delayed three times because of the COVID-19 pandemic. Now, it’s set to be delayed again because Holmes is pregnant, CNBC reports. The trial was supposed to start in July, but in a court filing Friday both the...

Elizabeth Holmes Wants One Subject Kept From Jurors

Her lawyers argue her luxurious lifestyle should not be mentioned

(Newser) - Jury selection is a bit more than three months off in the case of former Theranos CEO Elizabeth Holmes, and her attorneys are trying to make certain that the men and women who are selected don't hear about one topic: Holmes' luxury lifestyle. In a Friday night filing, they...

Elizabeth Holmes May Use Surprise Defense

Bloomberg reports she's exploring 'mental disease or defect' argument

(Newser) - Elizabeth Holmes is facing serious prison time over the fraud scandal that brought down her health startup Theranos. Now Bloomberg reports that the 36-year-old might make the surprise move of using what amounts to an insanity defense at her March trial. Her lawyers plan to introduce evidence to show that...

Holmes Now Faces Fewer Counts
Judge Trims
Charges
Facing
Holmes
Feb 12, 2020 5:30 PM CST

Judge Trims Charges Facing Holmes

Wire fraud count remains Theranos founder, but others are dismissed

(Newser) - Elizabeth Holmes, the Stanford dropout who founded the blood-testing company Theranos, still faces a trial in San Jose but now on fewer charges. US District Judge Edward Davila said Tuesday that he'll toss out any of the 11 counts against Holmes and Ramesh "Sunny" Balwani, former Theranos president,...

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