Mark Kenkre, Partner at Keller Lenkner UK, explains how big tech platforms have sped up investment fraud in recent years. Social media companies are coming under pressure to do more to protect users from investment fraud. Action Fraud has reported that £63 million was lost to such crimes in the past year, prompting calls for […]
Juror No 4 told Judge Edward Davila in the US District Court San Jose that if Holmes were found guilty and sent to prison for a “long, long time” she would feel it was her fault. “I’m thinking of all the time she’ll be in jail,” the juror told Davila, according to The Mercury News. […]
Niall Hearty of Rahman Ravelli assesses the arguments made and the issues raised regarding reforming the law on corporate criminal liability. It’s becoming increasingly difficult to remember a time when corporate criminal liability was not on the agenda, or at least up for discussion. The high-profile activities of certain companies and the authorities’ response to […]
Following a years-long extradition saga, Huawei Chief Financial Officer Meng Wanzhou travelled home to China on Friday as an agreement with US prosecutors to end the bank fraud case against her was reached. Meng’s detention has long been a point of tension between the US and China. Following the deal, two Canadians, who were arrested […]
In text messages to Balwani in November 2014, Holmes proclaimed she had “total confidence in myself best business person of the year” and also wrote, “don’t give what anyone thinks - engage employees in meetings by stories and making it about them (i.e. prepare well).” These messages to her then-partner and former Theranos President Balwani […]
Eight years later, on Friday, Gangakhedkar was testifying at the criminal trial of her former employer, Elizabeth Holmes, the CEO and founder of Theranos Inc. Gangakhedkar’s testimony is so far the strongest testimony connecting Elizabeth Holmes’ actions to charges that she lied to investors and patients about the accuracy of Theranos’ blood-testing machines. Holmes has […]
Nicola Sharp of Rahman Ravelli explains why a large drop in money laundering penalties does not paint the full picture. There seemed to be a degree of consternation when it was reported that money laundering penalties imposed on finance companies in the first six months of 2021 were almost half what the figure was for […]
Corporate criminal liability has been transformed beyond all recognition, with companies now having to behave ‘responsibly’ or face not merely reputational damage but criminal prosecution and highly punitive fines. Tom McNeill, senior associate at BCL Solicitors, analyses the current position and identifies the corporate risks.
Speaking with established trial attorney James Urbanic, we explore the statutes that protect whistleblowers in California and the wider United States. He shares his experience in protecting employees from retaliation for complaining of harassment or discrimination in the workplace and offers his insight on how jurors’ attitudes towards whistleblowing have shifted.
Theranos, founded by Holmes in 2003, claimed it would revolutionise the medical testing space with the introduction of a new blood diagnostic technology that was capable of performing several tests on a small dose of blood. The medical start-up had reached a valuation of $10 billion. However, it was later found that the company’s claims […]
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