Hedge fund investor tells jurors in Holmes trial that Theranos lied about finger-prick tech and military use

Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos said he thoroughly investigated the company but was still misled by CEO Elizabeth Holmes about … Read more

Elizabeth Holmes said she was the ‘ultimate decision maker’ at Theranos in 2017 deposition as her defense team argues the opposite in criminal trial

If Elizabeth Holmes testifies in her own criminal trial, videotaped depositions may be a clue of how she’ll fare on the stand. Twelve days after she was indicted on fraud charges, Holmes, the CEO and founder of Theranos, sat for a nearly four hour deposition in which she hardly answered any questions. But in the … Read more

Attorney for Henry Kissinger tells jurors he invested $6 million in Theranos after meeting Elizabeth Holmes

Former Theranos CEO Elizabeth Holmes leaves a federal court after a status hearing on July 17, 2019 in San Jose, California. Kimberly White | Getty Images SAN JOSE, CALIF. — A former estate attorney told jurors in Elizabeth Holmes’ criminal trial that he invested $6 million in Theranos after being introduced to Holmes by ex-Secretary … Read more

The Theranos Trial: What You Should Know

Oct. 25, 2021 — The promise seemed too good to be true: Walk into your local drugstore, provide a few drops of blood via finger-prick, and get screened for hundreds of different diseases, quickly and cheaply. That’s what Silicon Valley startup Theranos, founded by Elizabeth Holmes, touted. As it turned out, it wasn’t true. Now … Read more

Moving Past Theranos: What Is Possible With Blood Analysis?

Oct. 25, 2021 — Once valued at over $9 billion dollars, it seemed like Theranos was going to change the world of routine blood testing. Their claim was revolutionary: Using blood from a finger prick, they could run over 200 different tests. With a trip to a local pharmacy, someone could get testing done without … Read more

Third juror dismissed in trial of Theranos founder Elizabeth Holmes after judge finds ‘good cause’ for leave

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A third juror was dismissed in Elizabeth Holmes’ criminal trial on Friday for what the judge said was “good cause.” That leaves only … Read more

Ex-Theranos project manager testifies that Elizabeth Holmes told him to conceal parts of testing lab

Elizabeth Holmes (L), founder and former CEO of Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose on Sept. 8, 2021. Nick Otto | AFP | Getty Images ]SAN JOSE, CALIF. — Daniel Edlin, a former Theranos project manager who was friends with Elizabeth … 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