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Theranos, Holmes and former company president Sunny Balwani were charged with fraud by the SEC in 2018. Holmes and Balwani were also charged with wire fraud and conspiracy, with Holmes being found guilty on four counts in January 2022 and sentenced that November to 11 years and 3 months in prison.
- Elizabeth Holmes
On June 15, 2018, following an investigation by the U.S....
- Ian Gibbons
Ian Gibbons (March 6, 1946 – May 23, 2013) was a British...
- Elizabeth Holmes
Nov 19, 2022 · In 2018 Theranos was dissolved. In March that year, Holmes settled civil charges from financial regulators that she had fraudulently raised $700m from investors.
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to ...
- Theranos
- A Timeline of Theranos's Rise and Fall
- The Bottom Line
Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. Using a "nanotainer" (a small device designed to draw, retain, and analyze a droplet of blood from a patient’s fingertip) and its proprietary "Edison" testing technology, Theranos claimed the device could run a multitude of tests on a p...
2003: Nineteen-year-old Stanford chemical and electrical engineering drop-out Elizabeth Holmes founded Theranos with the aim of revolutionizing blood testing. 2004: Theranos raised $6.9 million in early funding gaining a $30 million valuation. 2007: The company's valuationhit $197 million after it raised another $43.2 million in early-round funding...
Theranos was a healthcare startup that claimed to revolutionize the blood-testing industry. However, the aggressive claims by CEO Elizabeth Holmes were later found to be fraudulent, and the company was actually fabricating results to deceive both investors and patients. Holmes and her co-conspirator, Ramesh Balwani, were each convicted and sentence...
Jan 4, 2022 · Theranos founder Elizabeth Holmes has been convicted of defrauding investors after a months-long landmark trial in California. Prosecutors said Holmes knowingly lied about technology she said...
Holmes & Watson is a 2018 mystery comedy film written and directed by Etan Cohen. The film stars Will Ferrell and John C. Reilly as the eponymous characters Sherlock Holmes and Dr. Watson, respectively; with Rebecca Hall, Rob Brydon, Kelly Macdonald, Steve Coogan and Ralph Fiennes in supporting roles.
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The technology she touted didn't work at all, and by 2018 the company she founded had collapsed. In January, she was convicted by a jury in California on four counts of fraud, each of which...
