Theranos, a blood-testing startup that's been valued at $9 billion, has recently drawn criticism for using unvetted proprietary tech, misleading public officials, and using a regulatory loophole to avoid getting its tests approved by the FDA. Now, regulators are considering banning Theranos CEO Elizabeth Holmes from owning and operating a lab for at least two years.
Jan 10The judge who sentenced Elizabeth Holmes explains the reasoning behind his decision.
In November, Judge Edward Davila sentenced Theranos co-founder Elizabeth Holmes to 135 months, or just over 11 years, in prison for defrauding investors.
NPR reporter Bobby Allyn points out that he’s issued his full order explaining the decision (PDF), noting that Holmes was sentenced based on only about 10 percent of the money Theranos actually raised.@BobbyAllyn
Nov 8, 2022Elizabeth Holmes's bid for a retrial has been denied.
As reported by the Wall Street Journal and New York Times, the Theranos co-founder’s sentencing is now scheduled for November 18th.
Holmes was found guilty on three counts of wire fraud, and one count of conspiracy to commit fraud. Each count carries a maximum sentence of up to 20 years in prison.
Jul 7, 2022
Sunny Balwani found guilty of defrauding Theranos investors and patients
Holmes was only found guilty of defrauding investors
Jan 7, 2022
Is Elizabeth Holmes’ guilty verdict a wake-up call for startups?
Or will the ‘fake it till you make it’ mindset persist?
Jan 5, 2022
Elizabeth Holmes’ verdict won’t change Silicon Valley
The market’s only gotten weirder since Theranos
Jan 4, 2022
Elizabeth Holmes found guilty of defrauding investors
The jury found she didn’t conspire to defraud patients, though
Sep 17, 2021
How bad were Elizabeth Holmes’ 1AM emails?
Enough for workers to secretly save them
Sep 16, 2021
How do you cross-examine a whistleblower?
Theranos lab assistant-turned-whistleblower Erika Cheung testifies in the Elizabeth Holmes wire fraud trial
Sep 15, 2021
The Holmes trial gets into the Excel nitty-gritty
But will the technical jargon overwhelm the jurors?
Fraud, or just a failure? Theranos founder Elizabeth Holmes’s trial opening arguments
Who is Elizabeth Holmes, really?
Theranos’ greatest invention was Elizabeth Holmes
Holmes was where the girlboss met Silicon Valley founder worship
Aug 28, 2021
Elizabeth Holmes’ defense likely includes testimony accusing her ex-partner of abuse
Jury selection for the Theranos founder’s fraud trial begins Tuesday
Jun 30, 2019
Theranos founder Elizabeth Holmes will go on trial next summer
Holmes faces 20 years in prison
Sep 5, 2018
Theranos is finally shutting down
Investors have lost nearly $1 billion in the company
Jun 15, 2018
Federal prosecutors indict Theranos founder Elizabeth Holmes for fraud
Holmes also stepped down as CEO
Aug 31, 2016
Theranos hit by another setback as it withdraws request for Zika test approval
The company collected data without necessary safeguards, reports The Wall Street Journal
Jul 8, 2016
Theranos founder Elizabeth Holmes banned from operating labs
Federal ban will last two years
Jun 13, 2016
Walgreens dumps Theranos’ questionable blood tests from its stores
The startup's biggest line to consumers is now gone
Jun 9, 2016
Jennifer Lawrence will star in a movie about Theranos
She'll play founder Elizabeth Holmes and Adam McKay will direct
May 25, 2016
Walgreens brought Theranos to its stores without even testing the technology
The partnership continues to sour
May 25, 2016
Angry customer files class action suit against Theranos
The suit alleges customer fraud
Apr 13, 2016
US government wants to ban Theranos' Elizabeth Holmes from operating a lab for two years
Regulators could also revoke the company's California lab license
Apr 7, 2016
Theranos just added a bunch of actual lab testing experts to its medical board
But it’s not clear that will help
Mar 31, 2016
Government report slams Theranos for quality control, unqualified personnel
Unlicensed personnel reviewed and released patient test results
Mar 28, 2016
Theranos isn’t as reliable as conventional labs — and that could be bad for patients
This is the first comparison study
Feb 2, 2016
Theranos continues to dodge opportunities to validate its inventions
It's time to revise your plans, Theranos
Feb 1, 2016
Here’s what Theranos customers need to know
What a critical inspection means for the company and for patients
Jan 28, 2016
Walgreens tells Theranos to stop sending lab tests to California lab
The drugstore chain has also suspended lab services at its Palo Alto store
Jan 27, 2016
US government says Theranos lab poses 'immediate jeopardy to patient safety'
The company has 10 days to respond
Dec 30, 2015
Theranos’ proprietary tech wasn’t vetted by federal inspectors for two years
The more we learn about Theranos, the more questions we have
Nov 17, 2015
FDA wants to close the loophole that Theranos used, but Republicans don’t understand why
Patient safety isn’t a priority, Republican reps show
Nov 11, 2015
Theranos isn’t the only diagnostics company exploiting regulatory loopholes
Avoiding pre-market verification is downright easy
Nov 3, 2015
Walgreens hasn't told Theranos it's pulling back on partnership, CEO claims
Elizabeth Holmes, Theranos CEO, speaks at conference
Oct 27, 2015
FDA inspector slams Theranos for poor quality management
Theranos didn't document quality audits, and there's no way for customers to complain
Oct 26, 2015
Theranos didn’t work with the huge drug company it supposedly made money from, huge drug company says
'I cannot find any evidence that we've done business with them in recent years'
Oct 25, 2015
Walgreens halts expansion of Theranos blood testing centers after tech comes under scrutiny
'We need to understand the truth'
Oct 23, 2015
Theranos doesn’t want its tech compared to other machines — except when it’s convenient
Hey Theranos: show your work!