Holmes was convicted on January 3 on three counts of fraud and one count of conspiring to defraud private investors in the blood-testing company. She currently remains free on a $500,000 bond secured by properties. According to court filings, Holmes plans to ask the judge overseeing her case to overturn her convictions. If the judge […]
In the motion filed on Friday, Robinhood argued that the temporary limits it imposed on trading during a social media-fueled rally in January 2021 were not deceptive as they were publicly announced by the company. The company also said that investors do not have a plausible claim that it stood to profit from lower share […]
Prosecutors said that the founder of the now-defunct medical startup had knowingly lied about Theranos’ technology, which she claimed could detect diseases with just a few drops of blood. The jury found Holmes guilty of four charges, including conspiracy to commit fraud against investors, and three counts of wire fraud. In total, Holmes faced 11 […]
In the ruling, Delaware Superior Court Judge Eric Davis said that the voting machine company had demonstrated that “it is reasonably conceivable that Dominion has a claim for defamation per se.” Dominion filed a lawsuit earlier in the year against Fox News claiming that some of the media giant’s employees elevated false charges that Dominion […]
On Friday, the prosecution will have the opportunity to present a rebuttal before the case goes to the jurors. Elizabeth Holmes faces 11 charges of defrauding investors, medical professionals, and patients over Theranos’ blood-testing technology, which the company claimed could carry out hundreds of tests with just a single drop of blood. Holmes faces up […]
Syed Rahman of financial crime specialists Rahman Ravelli examines the fraud-friendly faults that have been highlighted in the government’s Bounce Back Loan Scheme. As an end-of-year report, the National Audit Office’s assessment of the government’s fraud prevention measures for its Covid-19 Bounce Back Loan Scheme has a very strong “could do better’’ tone about it. […]
Former investors in the now-defunct company have testified at the trial that Holmes had led them to believe that Theranos’ technology had been adopted by the US military. As Holmes’ testimony in defence against fraud charges nears its end, she denied making such statements to investors. Holmes also said she did not recall telling an […]
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 […]
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 […]
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 […]
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