Elizabeth Holmes' ex-lover, business partner faces own trial
Ramesh “Sunny” Balwani, the jilted lover and business partner of former Theranos CEO Elizabeth Holmes, will finally get a chance to defend himself against allegations that he was her accomplice in a Silicon Valley ruse revolving around a ballyhooed blood-testing technology that flopped.
Lawsuit filed against school district reveals disturbing claims of inaction ahead of school shooting
A civil lawsuit has been filed against the school district and administrators connected to the deadly Oxford High School shooting. The new legal documents detail disturbing behavior allegedly carried out by the suspect that school officials failed to address. Elise Preston has the details.news.yahoo.com
Holmes jury says it's deadlocked on 3 of 11 criminal charges
The jury weighing fraud charges against former entrepreneur Elizabeth Holmes is unable to reach a unanimous verdict on three of the 11 criminal counts she faces, according to a note from the panel read aloud in court. After conferring with lawyers for the defense and prosecution, U.S. District Judge Edward Davila sent for the jury in order to encourage it to deliberate further. Once the jury returned to court, Davila instructed its members to do their best to reach a verdict, noting that they should re-examine their own views and change their opinions if persuaded they are wrong.news.yahoo.com
Elizabeth Holmes jury finishes fifth day of deliberations
The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes left the court Tuesday without reaching a verdict after a fifth day of deliberations. Holmes is facing 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors. The eight men and four women on the jury have been meeting in a San Jose, California, federal courthouse after absorbing reams of evidence in a three-month trial that captivated Silicon Valley.news.yahoo.com
Jury in Elizabeth Holmes trial hears replay of her boasts
Jurors in the fraud trial of former Theranos CEO Elizabeth Holmes returned to the courtroom Thursday to listen to a replay of audio recordings that captured her brash promises about a vaunted blood-testing technology the propelled her meteoric rise and scandalous downfall.
EXPLAINER: Why Elizabeth Holmes' fraud case turns on intent
The high-profile trial of former Theranos CEO Elizabeth Holmes boils down to a single question: Did she cover up defects in her startup’s blood-testing technology to rip off investors while potentially endangering the lives of unwitting patients.
EXPLAINER: Why Elizabeth Holmes' trial hinges on intent
The high-profile trial of former Theranos CEO Elizabeth Holmes boils down to a single question: Did she cover up defects in her startup's blood-testing technology to rip off investors while potentially endangering the lives of unwitting patients? Federal prosecutors charged Holmes, 37, with 11 felony counts of fraud and conspiracy in 2018 after Theranos collapsed under the weight of her bogus boasts about its technological prowess. The web of alleged lies and other deceptive tactics covered in the trial occurred from 2010 to 2015, when, according to prosecutors, Holmes duped investors in her startup while also misleading patients about the accuracy of the company's blood tests.news.yahoo.com
Elizabeth Holmes' dramatic trial set for final face-off
The trial of fallen Silicon Valley star Elizabeth Holmes moves into its final phase Thursday when federal prosecutors and defense attorneys will present their final arguments to the jury that will determine her fate. Holmes' criminal fraud trial has featured three months of often dramatic testimony and other evidence surrounding her 15-year reign as CEO of Theranos, a blood-testing startup she founded after dropping out of Stanford University when she was just 19. Holmes, now 37, leveraged Theranos to woo billionaire investors while assembling a board of directors that included former U.S. Cabinet members spanning from the Nixon to Trump administrations while promising to revolutionize health care with a more humane, convenient and cheaper way to test blood.news.yahoo.com
Elizabeth Holmes accuses ex-lover, business partner of abuse
Disgraced entrepreneur Elizabeth Holmes on Monday cast herself as the abused puppet of her former lover and business partner Sunny Balwani during tearful testimony aimed at refuting accusations she lied about a flawed blood-testing technology that hailed as a major breakthrough.
Elizabeth Holmes denies deception at her criminal trial
Biotechnology entrepreneur Elizabeth Holmes, a former billionaire accused of engineering a massive scam, expressed some remorse while on the witness stand Tuesday, but denied trying to conceal that her company’s blood-testing methods weren’t working as she had promised.
Elizabeth Holmes makes her case to the jury in fraud trial
Fallen Silicon Valley star Elizabeth Holmes returned to the witness stand on Monday to tell a story likely to determine whether she is convicted or acquitted of criminal charges alleging she duped investors and patients into believing she had invented a breakthrough in blood-testing technology.
Elizabeth Holmes takes the stand in her criminal fraud trial
Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients about her startup Theranos and its medical device that she said would reshape health care, unexpectedly took the witness stand Friday in her trial for criminal fraud.
Reporter recalls pivotal story in Elizabeth Holmes' stardom
A Fortune Magazine reporter whose story helped turn Elizabeth Holmes into a Silicon Valley sensation came to court Thursday to explain why he felt like he became a pawn in her attempts to hype a blood-testing technology she promised would revolutionize health care.
Former US defense secretary testifies in Holmes fraud trial
Former U.S. 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.
Fallen tech star Elizabeth Holmes prepares to go on trial
Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that her startup was about to revolutionize medicine.
Theranos founder Elizabeth Holmes' trial set for summer 2020
Former Theranos founder and CEO Elizabeth Holmes leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019, in San Jose, California. (CNN) - Elizabeth Holmes, founder of failed blood-testing startup Theranos, will go to trial August 4, 2020, a federal judge ruled Friday in San Jose, California. Holmes was indicted on federal wire fraud charges in June 2018 and stepped down from the company minutes before the charges were made public. Holmes and Balwani are both charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. In September 2018, Theranos announced it was preparing to dissolve.