Stock hijacker Mark Miller pleads guilty in over-the-counter market shell company pump-and-dump scheme

A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their … Read more

Former Safeway CEO says Theranos delays raised red flags as emotional juror is dismissed from case

Former Theranos CEO Elizabeth Holmes arrives for a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters SAN JOSE, CALIF. — Former Safeway CEO Steve Burd on Wednesday testified in the Elizabeth Holmes criminal fraud trial, saying repeated delays with Theranos’ blood-testing machine raised red flags about his … Read more

Former Theranos lab director says he was under ‘tremendous pressure’ to show technology worked

A former lab director at Theranos testified on Tuesday he quit the company for one simple reason: The blood-testing technology just didn’t work. Adam Rosendorff, a key witness for the government, took the stand for the fifth day in the criminal fraud trial of ex-CEO Elizabeth Holmes. “There was tremendous pressure at the company to … Read more

Elizabeth Holmes knew machines weren’t working, former Theranos lab director testifies

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A former lab director at Theranos acknowledged on Friday that he had plenty of opportunities to address his concerns about the company’s … Read more

Huawei CFO Meng Wanzhou to be released after agreement with U.S. in wire fraud case

Huawei chief financial officer Meng Wanzhou arrives at British Columbia Supreme Court with her security detail for the afternoon session of her extradition hearing, August 4, 2021 in Vancouver, Canada. Don MacKinnon | AFP | Getty Images The chief financial officer of Chinese tech firm Huawei will be released and allowed to return to China … Read more

Former Theranos scientist says Elizabeth Holmes pushed her to validate tests for Walgreens rollout

Elizabeth Holmes, CEO of Theranos, attends a panel discussion during the Clinton Global Initiative’s annual meeting in New York, September 29, 2015. Brendan McDermid | Reuters SAN JOSE, CALIF. – A former Theranos scientist testified Friday that Elizabeth Holmes pressured her to validate blood test results from the company’s Edison machine to speed up a … Read more

Elizabeth Holmes trial starts as both sides grill potential jurors

Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images Theranos isn’t exactly a household word, but many of the … Read more