/P 8 0 R /P 8 0 R An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. /P 8 0 R Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. << 313 0 obj /S /LBody 130 0 obj /S /LI endobj /Lang (EN-US) << endobj /Pg 240 0 R >> /Pg 238 0 R /K 213 0 R /P 287 0 R To conduct any kind of research for any company in any industry. 272 0 obj /StructParents 17 /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R endobj /K 10 null null null 231 0 R null null null 232 0 R null null 292 0 obj /S /LBody /P 42 0 R 342 0 obj endobj << endobj /K 6 >> >> CNMN Collection endobj endobj In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. /Pg 257 0 R /P 42 0 R /P 361 0 R >> /Annots [] << /Lang (EN-US) /K 6 191 0 obj /P 8 0 R /P 63 0 R endobj endobj Follow Company. /K 131 0 R 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /Pg 252 0 R endobj /MediaBox [0 0 612 792] 174 0 obj The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. >> /S /LI endobj /Rotate 0 /K 14 Nies was hired at Theranos in March 2015 for $185,000 a year to be the senior manager of customer service and call center operations at the company's headquarters in Palo Alto, Calif., according . << /S /LI 293 0 obj /K 2 /K 221 0 R << /S /P Theranos took shortcuts as blood-testing technology failed, prosecutors /Pg 245 0 R Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . 378 0 obj /P 314 0 R 367 0 obj /Pg 255 0 R /Rotate 0 She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /K 10 endobj endobj >> 325 0 obj >> << /P 305 0 R /S /P endobj /P 8 0 R /Strikeout /Span 303 0 obj /S /LI /P 323 0 R 18 [null null 209 0 R null null null 210 0 R null null null << endobj endobj /Count 9 /S /P endobj endobj /Lang (EN-US) >> Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. << Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . << null 52 0 R 53 0 R] /Pg 235 0 R /K 18 Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. << endobj endobj 211 0 obj /S /LBody Theranos is headquartered in Palo Alto, CA. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. << The .gov means its official.Federal government websites often end in .gov or .mil. endobj /P 265 0 R 3. << /K 197 0 R 182 0 obj 123 0 R null null null 124 0 R null null] Solved ChapterCase 12 Part II-Strategic Management 1. What | Chegg.com /Contents [409 0 R 410 0 R 411 0 R] /P 360 0 R /P 264 0 R The largest donation made to a political party by a Theranos employee was 284 0 obj /P 50 0 R endobj /S /LI A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. Claiming and updating your company profile on Zippia is free and easy. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /StructParents 10 /P 51 0 R /Type /Page Four Blind Spots at the Core of Theranos' Failure. Last word: Your mission statement, and what it says about you >> endobj /Pg 236 0 R According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. /P 262 0 R null null 121 0 R null null null 122 0 R null null null << /Resources 472 0 R /Lang (EN-US) All rights reserved. endobj /Lang (EN-US) /S /LBody << 370 0 obj >> endobj Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. /MCID 2 /P 372 0 R 229 0 obj /Pg 240 0 R << << Getty Images. In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. << /MediaBox [0 0 612 792] /StructParents 22 Legal Statement. /P 8 0 R endobj /K 145 0 R /Lang (EN-US) How to run amok with $900M of VC funding /P 55 0 R >> And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. >> >> >> /P 380 0 R /Pg 248 0 R Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /S /L endobj /CropBox [0 0 612 792] /S /LI /Lang (EN-US) /StructParents 6 /S /LBody /S /LBody endobj endobj endobj /K 12 Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. /P 8 0 R /S /P /P 350 0 R << 297 0 obj /S /LI Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. << /Pg 258 0 R /Lang (EN-US) /Annots [] 161 0 obj endobj endobj endobj /Pg 256 0 R /K 5 /Lang (EN-US) >> /Pg 252 0 R >> /S /P endobj /Pg 246 0 R /Pg 245 0 R Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. /Pg 248 0 R /P 40 0 R Theranos founder Elizabeth Holmes 'lied and cheated', trial hears >> /Lang (EN-US) >> /P 59 0 R << 147 0 obj /Lang (EN-US) << /P 8 0 R /Tabs /S >> >> The motion for release said that Holmes is not a flight risk and "is highly motivated to continue complying with her conditions of release sothat she can work with her lawyers while she pursues her appeal.". >> /K 18 /Lang (EN-US) Research on the dark sides of creativity suggests that not only are people more likely to act dishonestly when they are in a creative state, but that cheating, in itself, can actually make people more creative. << /PageLayout /OneColumn 264 0 obj /Pg 257 0 R The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. << >> << Since this form of unethical behavior may lack the pangs of guilt and/or shame that generally provide people with a certain amount of self-restraint and hesitation, it can be difficult for others to suspect any bad conduct. /Annots [] 38 0 obj /Parent 13 0 R >> /P 50 0 R /P 280 0 R /P 339 0 R /P 367 0 R /S /LI 89 0 obj /Pg 257 0 R Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. About us Our mission is to make actionable information accessible to everyone at the time it matters. endobj endobj endobj /P 333 0 R endobj /Lang (EN-US) endobj /K 8 /P 306 0 R >> These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. Help other job seekers by rating Theranos. null] /P 48 0 R /Annots [] /P 358 0 R 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] << /Pg 249 0 R /P 50 0 R endobj /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] endobj /K 11 /K 21 null 49 0 R null null 157 0 R null null] /Tabs /S /P 48 0 R Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). /K 3 endobj /Rotate 0 >> << 258 0 obj /P 51 0 R endobj /S /LI /K 18 /Pg 235 0 R << >> /StructParents 13 /P 272 0 R /Parent 13 0 R /StructParents 11 endobj /P 8 0 R /K 167 0 R /Pg 247 0 R 12 [null null null 172 0 R null null null null 173 0 R null >> uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 /Pg 255 0 R -mission statement: to make actionable information accessible to everyone at the time it matters. /K 22 /Lang (EN-US) /Pg 252 0 R endobj 199 0 obj /Rotate 0 /P 309 0 R /S /LI << Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. /K 169 0 R >> /P 352 0 R /S /P /P 332 0 R The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. << /S /LBody 166 0 obj /Pg 238 0 R << That journey ended not, as it could have been, when the promises of its vision delivered their potential, but it ended when somebody, finally, brought reality into the picture. << endobj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. /Pg 248 0 R /Lang (EN-US) << 244 0 obj /Lang (EN-US) /Rotate 0 /P 393 0 R /S /LBody The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. endobj << 196 0 obj 389 0 obj /Count 5 299 0 obj endobj 71 0 obj << /S /LBody << 141 0 obj 3480 << Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . << 386 0 obj endobj endobj /Resources 488 0 R endobj /S /LBody >> 7 0 obj >> 343 0 obj >> The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. 16 [null null 199 0 R null null null 200 0 R null null null << /K 19 1343. /Pg 250 0 R /Lang (EN-US) /Tabs /S /S /LI endobj >> The employee data is based on information from people who have self-reported their past or current employments at Theranos. /Pg 253 0 R << /Pg 248 0 R The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. 207 0 obj endobj /K [28 394 0 R] /S /P /Type /Page >> /P 351 0 R >> /Resources 432 0 R /S /LI /Lang (EN-US) The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. /P 316 0 R /K [262 0 R 263 0 R 264 0 R 265 0 R 266 0 R 267 0 R] << /P 42 0 R /P 271 0 R /S /LI 187 0 obj 221 0 obj 267 0 obj Holmes said she was inspired to start the company in response to her fear of needles. >> 369 0 obj /Resources 436 0 R /Pg 242 0 R >> /Pg 241 0 R /S /LBody /P 8 0 R Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. 384 0 obj /Lang (EN-US) /S /P Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. /Tabs /S What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. /Pg 257 0 R /S /L << An official website of the United States government. endobj /K 5 Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. /K [32 382 0 R] >> /P 290 0 R /Rotate 0 endobj 197 0 obj >> 322 0 obj /Resources 408 0 R /Lang (EN-US) /P 8 0 R << He . /Type /Page /P 292 0 R >> null null 152 0 R null null] Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elizabeth Holmes. /K 25 /Length 501 0 R /Lang (EN-US) endobj /S /LBody /S /P /P 40 0 R 25 0 obj /P 48 0 R /Lang (EN-US) The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /Type /MCR THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. GET FOX BUSINESS ON THE GO BY CLICKING HERE. 10 [null null 163 0 R null null null 164 0 R null null null /P 59 0 R Theranos' Bad Blood - Ethics Unwrapped /K 217 0 R endobj endobj stream /K 185 0 R Using a "nanotainer" (a small device designed to draw, retain, and analyze a . endobj >> . Theranos whistleblower toasted Elizabeth Holmes verdict - New York Post >> /Lang (EN-US) endobj /Lang (EN-US) << >> She had a charisma to her; she was very articulate,Cheung saidof Holmes. /Lang /Rotate 0 endobj << >> /Rotate 0 /K 30 >> /S /LBody << 112 0 obj /K 191 0 R The boundless part of her visioning deserves extra attention. 179 0 obj /P 8 0 R /K 18 27 0 obj << endobj /Pg 247 0 R /P 342 0 R /S /P 346 0 obj << Elizabeth Holmes wants to delay her prison sentence after giving birth << /Lang (EN-US) >> 360 0 obj << /Pg 258 0 R endobj The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /S /LBody Entrepreneurship lives in the realm of threading between the present and the future. /Lang (EN-US) << /P 50 0 R /S /LBody 14 0 obj /K [10 392 0 R] /S /LBody << << << /P 59 0 R The company claimed that it had devised . /Lang (EN-US) /S /LBody endobj << /K 162 0 R After all, one of Theranos top achievements was the very idea Holmes herself had developed an idea she never put through the rigor of scientific testing before defining its contours. >> /Lang (EN-US) >> /Subtype /XML /K 14 >> Creating something new is about breaking the status quo. << /Type /Metadata << << << 59 0 obj /MCID 2 The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /Lang (EN-US) /P 373 0 R << Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /S /LBody /Pg 240 0 R /K 10 << /Rotate 0 /MCID 2 /K 220 0 R 97 0 obj /S /LI /K 184 0 R Holmes grew up in Houston, Texas and studied chemical engineering at . >> /Lang (EN-US) /Pg 235 0 R /CropBox [0 0 612 792] /CropBox [0 0 612 792] endobj /K 261 0 R /Type /Page 368 0 obj >> >> >> /P 317 0 R /K 18 Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. >> /P 266 0 R /P 380 0 R /K 3 215 0 obj /Pg 254 0 R >> >> /S /LI The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. >> << /Pg 241 0 R 230 0 obj endobj /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] /K 14 /Rotate 0 >> Balwani . $12,600 to the Democratic Party. /K 25 /Pg 235 0 R /A 259 0 R >> endobj 82 0 obj /P 355 0 R >> Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . << /K 14 /Outline /Span /K 182 0 R >> (Photo by Brad Barket/Invision/AP). >> /S /L /S /LI /Pg 258 0 R /Pg 248 0 R << A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. /Pg 251 0 R endobj /P 51 0 R The Trial of Theranos's Elizabeth Holmes Opens << /K 10 /S /LI /K 228 0 R /K 2 >> << /P 8 0 R endobj endobj /StructParents 7 endobj /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] Read our affiliate link policy. 201 0 R null null null 202 0 R null null null 203 0 R null /P 8 0 R << Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. /K 156 0 R /Pg 238 0 R /Lang (EN-US) /P 8 0 R /P 8 0 R /Lang (EN-US) 139 0 R null null null 140 0 R null null null 141 0 R null >> /Pg 236 0 R They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. 13 0 obj /Contents [493 0 R 494 0 R 495 0 R] /Pg 256 0 R /K [14 389 0 R] /K 127 0 R /Pg 235 0 R The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. << n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. 241 0 obj /K 119 0 R /Lang (EN-US) endobj /P 8 0 R /Pg 244 0 R /Chart /Figure /S /LBody /K 6 /P 63 0 R /Pg 256 0 R Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /Resources 416 0 R /Lang (EN-US) /K 6 /Pg 257 0 R endobj In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. << /P 48 0 R /P 34 0 R Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. /S /P >> /K 198 0 R /K 14 >> << >> /Pg 258 0 R Holmes fostered a culture of fear because it served her needs. /Pg 255 0 R /S /P /Pg 246 0 R The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. << >> /Lang (EN-US) >> endobj 138 0 obj endobj /P 285 0 R << - Sep 15, 2021 3:40 pm UTC. /Lang (EN-US) << >> /K 170 0 R endobj /S /LI /P 55 0 R << >> /Lang (EN-US) 308 0 obj << 6 [null null 143 0 R null null null 144 0 R null null null Theranos | LinkedIn /P 8 0 R What's everyone talking about? /K 126 0 R endobj >> 294 0 obj /K 154 0 R << /Pg 242 0 R /StructParents 5 120 0 obj /K 135 0 R 188 0 R null null null 189 0 R null null null 190 0 R null 135 0 obj << << /P 364 0 R /Pg 235 0 R >> 210 0 obj /K 9 >> 85 0 obj >> SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. /K 6 54 0 obj endobj 226 0 obj In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. /S /LI >> /K 12 endobj /P 3 0 R << The False Promise of Silicon Valley's Quest to Save the World /S /LI << /P 334 0 R /P 50 0 R /P 327 0 R 176 0 obj /P 48 0 R /P 8 0 R /K 222 0 R 365 0 obj /K [18 385 0 R] /K 18 << It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. /Pg 242 0 R << /K 51 /Pg 250 0 R /P 48 0 R /Lang (EN-US) << In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon . /P 336 0 R 324 0 obj << Morever, Holmes needs to grow a . /S /L /Lang (EN-US) >> >> null null 225 0 R null null null 226 0 R null null null /P 8 0 R /Lang (EN-US) I write about culture, leadership and ethics in business and work. /K 179 0 R endobj /P 270 0 R /S /P /S /LBody >> /Type /Pages /Lang (EN-US) /S /TD /Tabs /S >> 73 0 obj /K 190 0 R /K 1 104 0 obj /StructParents 1 The . /Pg 248 0 R /P 390 0 R /K 10 /S /LBody /K 176 0 R 352 0 obj endobj << /Type /Page >> >> /S /LBody >> /S /P /S /P Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /S /LI >> The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /MediaBox [0 0 612 792] endobj . /P 288 0 R endobj endobj endobj Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /S /LI 79 0 obj endobj /P 312 0 R endobj /Pg 238 0 R >> 142 0 obj I did not think the technology we were using was adequate enough to be engaging in that behavior.. 113 0 obj /StructParents 15 1 /S /LI /Lang (EN-US) endobj 273 0 obj /Lang (EN-US) /Pg 243 0 R >> << << Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. In court documents, federal prosecutors have said Holmes is a flight risk. /Diagram /Figure /Lang (EN-US) << /Resources 476 0 R /Pg 246 0 R /Annots [] /S /P The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. /Pg 258 0 R << /S /L >> But thats not what the company was telling investors, according to new documents shared during the jury trial of Theranos founder and CEO Elizabeth Holmes. /S /LI endobj >> /CropBox [0 0 612 792] How Mission Statements Have Created Billions in Value | Toptal >> Hot Startup Theranos Has Struggled With Its Blood-Test Technology /Tabs /S Connor Radnovich/The Chronicle. << /K 10 /S /LI Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. Mirage Or Vision? Four Blind Spots At The Core Of Theranos - Forbes /K 180 0 R 211 0 R null null null 212 0 R null null null 213 0 R null /S /LBody /Pg 242 0 R << endobj 274 0 obj /Lang (EN-US) /Rotate 0 /Lang (EN-US) /P 392 0 R endobj Theranos and Elizabeth Holmes: the Marketing of Silicon Valley's >> /P 8 0 R 116 0 obj endobj << /Pg 253 0 R When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. /P 8 0 R /P 369 0 R /Lang (EN-US) endobj << << /Rotate 0 /K 16 /Rotate 0 >> endobj endobj /K 210 0 R 67 0 obj /P 381 0 R 80 0 obj /S /P /P 275 0 R /MediaBox [0 0 612 792] << /Lang (EN-US) << >> In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. endobj /P 44 0 R /Lang (EN-US) Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /S /LI A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. /S /P 249 0 obj 320 0 obj /K 31 /Pg 235 0 R 224 0 obj >> 165 0 obj >> /Lang (EN-US) << endobj /S /P /K 229 0 R The rise and fall of Theranos: A timeline - The Mercury News /K 0 /Pg 255 0 R >> Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary endobj << /K 174 0 R /P 48 0 R 246 0 obj 309 0 obj /S /P >> >> << /Lang (EN-US) endobj << /Bibliography /BibEntry /K 2 /Lang (EN-US) 301 0 obj /Filter /FlateDecode /K 6 /Lang (EN-US) << >> /S /P /K 139 0 R Palantir has . 188 0 obj /K 155 0 R >> 23 0 obj /S /LI /Rotate 0 /P 338 0 R >> 22 [70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R /K 223 0 R The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. /S /L /Lang (EN-US) 376 0 obj /CropBox [0 0 612 792] endobj 252 0 obj
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