Elizabeth Holmes, the founder of the now-useless biotech unicorn Theranos, is facing trial in federal court next summer. Imprisonment for up to 20 years and a fine of millions of dollars.
Holmes and former Theranos president Ramesh "Sunny" Balwani were indicted by a jury last June. Two such allegations are fraudulent conspiracy (against investors, doctors and patients). The other nine are real wire scams, ranging from $ 100 million to the cost of a lab test.
Bloomberg argues that Holmes 'legal team plans to argue that John Carrier of the Wall Street Journal "unnecessarily influenced federal regulators" and "went beyond reporting Theranos' story."
"The jury should know that an outsider who wants to break a story and portray the story as a work of investigative journalism is influencing the regulatory process, which is central to the agencies within the organization."
Founded in 2003 by then-19-year-old Stanford Drop HT Homes, Theranos Private Market has raised over $ 700 million from investors. The Securities and Exchange Commission calls this "exaggeration or fraud." Made false statements about the company's technology, business and financial performance.
Theranos was first tested in October 2015 when several research papers were published questioning the effectiveness of the Theranos blood test technology. At the time, Theranos was proud to have the support of Tim Draper and Rupert Murdoch, prominent investors in one of Silicon Valley's best companies worth $ 9 billion.
As a result of Carrero's reporting, Theranos realized that he was a threat to public health. Its technology is not capable of performing extensive laboratory tests on just a few drops of blood.
Holmes and former Theranos president Ramesh "Sunny" Balwani were indicted by a jury last June. Two such allegations are fraudulent conspiracy (against investors, doctors and patients). The other nine are real wire scams, ranging from $ 100 million to the cost of a lab test.
Bloomberg argues that Holmes 'legal team plans to argue that John Carrier of the Wall Street Journal "unnecessarily influenced federal regulators" and "went beyond reporting Theranos' story."
"The jury should know that an outsider who wants to break a story and portray the story as a work of investigative journalism is influencing the regulatory process, which is central to the agencies within the organization."
Founded in 2003 by then-19-year-old Stanford Drop HT Homes, Theranos Private Market has raised over $ 700 million from investors. The Securities and Exchange Commission calls this "exaggeration or fraud." Made false statements about the company's technology, business and financial performance.
Theranos was first tested in October 2015 when several research papers were published questioning the effectiveness of the Theranos blood test technology. At the time, Theranos was proud to have the support of Tim Draper and Rupert Murdoch, prominent investors in one of Silicon Valley's best companies worth $ 9 billion.
As a result of Carrero's reporting, Theranos realized that he was a threat to public health. Its technology is not capable of performing extensive laboratory tests on just a few drops of blood.
The Wall Street Journal said federal prosecutors have collected more than 2 million pages for defence groups. Despite ample evidence, Holmes has maintained his innocence since the jury filed the indictment last year.
Holmes resigned from Theranos last year in the wake of criminal allegations. What Happened to Elizabeth Holmes. The company soon ceased operations. Carrie documented Theronos Mysteries and Lies in her best-selling book Barry Blood.
Holmes resigned from Theranos last year in the wake of criminal allegations. What Happened to Elizabeth Holmes. The company soon ceased operations. Carrie documented Theronos Mysteries and Lies in her best-selling book Barry Blood.
