On Monday, Theranos founder and former CEO Elizabeth Holmes testified that she was abused by her former romantic partner and Theranos executive Ramesh Balwani. She said the relationship had a pervasive impact on her during the period when she is accused of committing fraud. There were moments during Holmes’ fourth day on stand when she […]
Richard Cannon, partner at Stokoe Partnership, takes a look at the SFO's handling of the Amec Bribery Case. The SFO recently dropped its investigation into individuals being investigated for allegedly being involved in bribery at Amec Foster Wheeler Plc. Amec’s new parent company had agreed to a $177 million global agreement in June 2021. The […]
Mitchell Kossoff, a New York real estate lawyer accused by creditors of misusing client funds, has reached a plea agreement and is expected to surrender for arrest next month.
Holmes is accused of making false claims about Theranos, including that its blood-testing devices could run a wide range of diagnostic tests more quickly and accurately than conventional laboratory testing with just a finger prick of blood. Stepping forward to testify on Friday, Holmes said that her work at Theranos led her to believe in […]
In Holmes’ criminal trial on Tuesday, Grossman told jurors that in 2014, as part of his due diligence, he had his own blood drawn from a Theranos blood-testing machine at a Walgreen pharmacy. He recalled how his blood had been drawn with a venous draw rather than a finger stick, saying that that the experience […]
In the past, the Financial Conduct Authority (FCA) has too often struggled to spot those few unscrupulous advisers who seek to exploit the complexity of the pension transfer market for their own financial benefit. Of course, such financial benefits usually accrue to these unethical advisors at the expense of their own clients. Yet, too often, […]
The claims were made in testimony at the trial of Elizabeth Holmes. The Theranos founder is on trial for charges of fraud and conspiracy to commit fraud over allegations that she misled investors, medical professionals, and patients about the capabilities of Theranos’ blood-testing machines. Holmes, 37, denies the claims. However, if found guilty, she could […]
The Swiss bank’s settlement with the US Securities and Exchange Commission (SEC), the Justice Department, and the UK’s Financial Conduct Authority (FCA) was announced just moments before Switzerland’s financial regulator rebuked it for its long-running corporate espionage scandal. The UK and US charges stem from almost $1 billion in bond offerings as well as a […]
Representative Peter DeFazio, who chairs the Transportation and Infrastructure Committee, said that Boeing senior leaders are responsible for the culture of concealment that led to the 737 MAX crashes and the loss of 346 lives. Former pilot Mark Forkner was set to be arraigned after being indicted by a grand jury in Texas on six […]
The government’s Covid response schemes inadvertently created unprecedented opportunities for fraud – only now is the potential scale of that fraud beginning to come to light. The UK Treasury has launched a remarkable 23,000 inquiries into potentially fraudulent payments made during the pandemic. Last year, HMRC announced that it was investigating 27,000 cases of possible […]
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