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USA v. Holmes et al

  1. November 30, 2021

    'God's Tigress': Feds Query Holmes On Balwani 'Love' Texts

    A federal prosecutor cross-examined former Theranos CEO Elizabeth Holmes on her purportedly abusive relationship with ex-Theranos executive Ramesh "Sunny" Balwani in her criminal fraud trial Tuesday, noting that they texted each other the word "love" 594 times and highlighting a Balwani text calling Holmes "god's tigress and warrior."

  2. November 29, 2021

    Holmes Says Ex-Theranos Exec Controlled And Abused Her

    Elizabeth Holmes testified in her criminal fraud trial Monday that she began dating former Theranos executive Ramesh "Sunny" Balwani after she was raped in college, initially viewing the older man as her protector before the relationship devolved into a 10-year nightmare of obsessive control and sexual abuse.

  3. November 23, 2021

    Holmes Admits Adding Pfizer Logo To Reports For Walgreens

    Elizabeth Holmes expressed regret during her day-long examination in her criminal fraud trial Tuesday over mistakes she made while serving as Theranos' CEO, including adding Pfizer and Schering-Plough logos to Theranos validation reports before sending them to Walgreens' executives, but she defended her actions as well-intended.

  4. November 22, 2021

    Holmes Testifies She Thought Theranos Could Do 'Any Test'

    Former Theranos CEO Elizabeth Holmes returned to the stand Monday in her criminal fraud trial, testifying before a packed courtroom that she thought Theranos' blood-testing devices could perform "any blood test" based on a presentation by the startup's former chief scientist in 2010, three years before his death.

  5. November 19, 2021

    Holmes Tells Jurors Some Investors Didn't Want Theranos Info

    Former Theranos CEO Elizabeth Holmes testified Friday that she sent investors certain due diligence information but that some put money in the blood-testing startup without asking for it, taking the stand for the first time on the same day prosecutors wrapped their case-in-chief accusing her of defrauding investors and patients.

  6. November 18, 2021

    Fortune Writer Claims Holmes Duped Him As DOJ Wraps Case

    Federal prosecutors' criminal fraud case-in-chief against Theranos CEO Elizabeth Holmes neared its end Thursday with Fortune Magazine writer Roger Parloff testifying that Holmes falsely told him during a 2014 interview that the blood-testing startup wasn't using third-party devices to run tests.

  7. November 17, 2021

    Theranos Patient Got Incorrect HIV Test Result, Jury Told

    An Arizona patient testified in former Theranos CEO Elizabeth Holmes' criminal fraud trial Wednesday that she received test results from the startup indicating she had HIV antibodies, which made her "quite emotional," and that she only learned later the results were bogus.

  8. November 16, 2021

    Investors Gave Theranos $96M Despite Due Diligence Gaps

    A hedge fund manager testified in ex-Theranos CEO Elizabeth Holmes' criminal fraud trial Tuesday that his firm and its affiliates collectively invested $96.1 million in the startup, even after he didn't get complete answers to the firm's due diligence questions and Theranos' rival said its technology didn't work.

  9. November 16, 2021

    Theranos Investor FOMO Is Due Diligence Lesson, Attys Say

    Testimony in ex-Theranos CEO Elizabeth Holmes' criminal fraud trial has revealed that many investors who funded the beleaguered blood-testing company leading up to its $10 billion valuation appeared to be influenced by a "fear of missing out," or FOMO, a stark lesson in the dangers of skipping due diligence, according to legal pros.

  10. November 15, 2021

    Theranos Investor Emailed Prosecutors During Trial, Jury Told

    Ex-Theranos CEO Elizabeth Holmes' counsel questioned a retired money manager during her criminal fraud trial Monday about his sending Holmes emails she said were "harassing," and noted that he repeatedly emailed prosecutors about the case during a trial break despite admonishment by the court and prosecutors.

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