Theranos Investor Betsy DeVos Was Misled by Elizabeth Holmes on the Tech and Financials, Representative Testifies

At this point, slightly more words have been written about Elizabeth Holmes than have been written about Elvis Presley.

Holmes remains free on bond till September and faces up to 20 years in prison, but experts say she will likely receive far fewer

Silicon Valley and headline writers would have you believe that Elizabeth Holmes is one of the biggest frauds. Megan McArdle of the Washington Post would also have you think that misleading investors and regulators is far worse than exaggerating about “buggy electronics or overhyped subscription service.”. Yes, in the...

Elizabeth Holmes told investors she could diagnose hundreds of diseases with just a few drops of blood. She couldn't. Last week she was found guilty of fraud. But with so much money sloshing around in Silicon Valley, will the verdict change anything?. On this week's Tech Tent, we speak to...

Elizabeth Holmes is awaiting a sentencing hearing for four out of 11 charges of federal fraud and conspiracy, which has been pushed back to September 26, according to a recent filing. According to CNN, on Tuesday both the prosecution and defense proposed September 12 for a sentencing hearing in a...

A judge on Wednesday scheduled Holmes's sentencing for September 26, meaning she'll be out on bail for the next eight and a half months.

The long, drawn-out legal saga of convicted Theranos founder and CEO Elizabeth Holmes will nearly extend into October 2022, new court documents show.

As the world (well at least some of the world anyway) now awaits the Sept. 26 sentencing of disgraced former Theranos CEO Elizabeth Holmes, the question arises of what the long-term implications will be for Silicon Valley. It’s hard to imagine there will be many. Entrepreneurs are likely to dot...

The recent trial of Theranos founder Elizabeth Holmes revealed some distinguished medical companies walked away from the project. Yet other fine health care firms decided to partner with Holmes. Looking at the story it's easy to see why organizations wanted to join forces with Theranos. Who doesn't love (and yes, love is the right word) a young, talented, dedicated individual with an idea loaded with big upside making health care more accessible? Holmes is a tremendously persuasive person, so much so that some who heard her speak reported they felt a true desire to help make this dream come true. They realized how powerful her vision would be.

Elizabeth Holmes, the Theranos founder convicted of four counts of felony criminal fraud by a jury earlier this month, probably will not receive her sentence until after Labor Day, according to a new court filing. Federal prosecutors and her defense team have agreed to put off a sentencing hearing until...

Rochelle Gibbons is the widow of former Theranos chief scientist Ian Gibbons, who committed suicide in 2013. Gibbons is now speaking out in her first broadcast TV interview, following the conviction of Theranos founder and CEO Elizabeth Holmes on fraud and conspiracy charges. Anna Werner reports.

In analyzing the final chapter of Theranos founder Elizabeth Holmes’ career, it’s tempting to attribute the entrepreneur’s dramatic downfall to greed and hubris. But a series of fatal errors in Holmes’ approach to corporate communications is also to blame. From implementing a management style based on...

If you wondered what it was like to serve as a juror in Silicon Valley’s trial of the decade, Susanna Stefanek can tell you. For 18 weeks, Stefanek juggled her family, her work as an editorial manager at Apple and her duty as one of 12 jurors in the trial of Elizabeth Holmes, the founder of the failed blood testing start-up Theranos. Holmes, whose case was viewed as a referendum on Silicon Valley’s start-up excesses, was found guilty last week of four of 11 counts of fraud for lying to investors about Theranos’s technology.

Government lawyers agreed to dismiss three counts of criminal fraud against former Theranos CEO Elizabeth Holmes who was convicted last week on fraud and conspiracy charges tied to her failed blood-testing company, Theranos. Holmes faced 11 separate federal fraud charges in a trial that kicked off in September 2021 and...

The government is dismissing the three counts that the jury in the Elizabeth Holmes trial deadlocked on, and sentencing is being proposed for September 12. A delay in sentencing was agreed upon due to the upcoming trial of would-be co-defendant, former Theranos president Sunny Balwani. [NBC Bay Area]. For the...

If the trial of Theranos founder and CEO Eizabeth Holmes was a referendum on Silicon Valley’s fake-it-until-you-make-it culture, the mixed verdict should send a strong signal to startups and their advertising teams: When it comes to healthcare, there’s a fine line between hyperbole and public deception. After a...

Teletherapy company Talkspace is facing a class action lawsuit alleging it misled investors about the company's financials in the run-up to its merger with a special purpose acquisition company. The suit, filed Jan. 7, alleges investors weren't informed that Talkspace was seeing significantly increased advertising costs in its direct-to-consumer business,...

Meta and Amazon each spent considerably more on lobbying in 2021 than fellow Big Tech giants Apple and Google.

This suit was surfaced by Law.com Radar. Read the complaint here. Chegg, an education tech company, and certain officers and directors were hit with a shareholder derivative lawsuit Wednesday in California Northern District Court. The lawsuit, filed by The Brown Law Firm on behalf of Rak Joon Choi, contends that Chegg misled investors regarding the sustainability of subscription and revenue growth resulting from the COVID-19 pandemic. Counsel have not yet appeared for the defendants. The case is 5:22-cv-00217, Choi v. Chegg, Inc. et al.

If 2021 turned into a gravy train for the world’s billionaires, 2022 has started out with that train derailed. Trouble on Wall Street has caused massive problems for the richest people on the planet.