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Elizabeth Holmes: The Theranos Founder's Theft Proceedings Must Start in the Summer of 2020



A federal judge on Friday placed a delinquency trial on the deception of the founder of Theranos Elizabeth Holmes, which will start in July 2020. If convicted, she faces 20 years in prison and millions of dollars in fines. criminal plot and fraud for allegedly misleading investors, corporate partners and patients claiming its allegedly revolutionary blood test equipment, CBS San Francisco reported.

She and Sunny Balvany, her former friend and president of Terannos, were accused by a large jury of 11 crimes involving wire fraud and a conspiracy to commit corporal fraud. The couple could also face fines of $ 2.75 million each.

Holmes was 1

9 years old when he left Stanford University to launch Terranos in order to revolutionize blood research. She claims that her technology can take barbed blood from her finger and perform hundreds of laboratory tests. At its peak, Terannos is worth nearly $ 10 billion. Investors included energy brokers such as Henry Kissinger, former Secretary of State George P. Schultz, and President Trump's first Secretary of Defense James Matisse.

Holmes is seen as a dreamer on Steve Jobs's example and she imitates his style with only black polo and black trousers of the audience. She is the youngest, most prestigious billionaire woman in the world, according to " 60 minutes ."

But that was a scam. A former employee of Theranos told Norah O'Donnell at "60 minutes" that the "revolutionary technology" called Edison was never working. Other former employees claim that some blood samples have received controversial and inconclusive results in their re-examination and that Holmes lied to Walgreens when she said that Edison was ready for use in patients, leading to a partnership that plans to put the device in every shop.

Holmes and Balvany have registered both in Safeway and Walgreens in agreements to use Theranos theronics at clinics in their stores. The Balwani period has worked in several cabinets, including as a member of the board of directors of the company, as its chairman and Chief Operating Officer.

According to the indictment, Holmes and Balvany used advertisements and requests to encourage and encourage doctors and patients to use Theranos blood test services, although the defendants knew that Theranos was unable to consistently give accurate and reliable results for certain blood tests.

In addition, tests performed with Theranos technology may contain inaccurate and unreliable results.

The indictment alleges that the defendants used a combination of direct communications, marketing materials, media statements, financial reports, models and other information about fraud to potential investors.

In particular, the defendants argue that Theranos has revealed a revolutionary and patented analyst known by various names, including TSPU, Edison or minilab

The respondents argued that the analyst was able to perform a full set of clinical tests, using the small blood samples taken from the rod, and that the analyst can give results that are more accurate and reliable than those obtained by conventional methods – all

The indictment also states that Holmes and Balvani knew, that many of their statements to the analyst are fake.

It is alleged that the defendants represent to investors that Terranus had profitable business revenues with the United States Department of Defense and that Terranos technology was in the battle

"It deceives everyone," said O & 39 "Donald for" 60 minutes of overtime. "" She had hundreds of employees from MIT, Harvard, Apple, and the smartest people in the Silicon Valley went to work for her, they believed in it, not just the media. , which gave her 900 million dollars. I mean, there were many prominent, very smart people "

As O'Donnell reports about" 60 minutes, "almost every media, including CBS News, bought in Theranos

Securities and Exchange Commission filed allegations of civil fraud against Holmes and Balvani, agreeing to pay fines and sanctions amounting to $ 500,000
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