Elizabeth Holmes

Holmes’ ownership stake in Theranos was valued at up to $4.5 billion. Prosecutors say her spending more than kept pace and she was overtaken by her fame.

Wednesday’s hearing was the second day of arguments on what evidence can be permitted and excluded from Holmes’ criminal fraud trial, which begins on August 31.

The hearing featured both sides sparring over critical motions, including how the culture of Silicon Valley influenced Holmes’ behavior as CEO of Theranos

Prosecutors said they were “frustrated” to learn recently that Holmes is due to give birth in July.

The Theranos founder’s fraud trail has already been delayed three times because of the Covid-19 pandemic.

Prosecutors allege executives at Theranos destroyed a database which contained three years worth of accuracy and failure rates.

Holmes, a Stanford dropout, had a six-figure salary and a billion dollar stake in Theranos until the company shut down in 2018.

Elizabeth Holmes intended to use Theranos “as a tool to better her personal situation,” prosecutors wrote in a motion with the court Friday night.

A surge in coronavirus cases in California has led to a four-month delay in the criminal trial of Elizabeth Holmes, the former CEO of health tech firm Theranos.

The trial is scheduled to begin March 9, 2021 after being delayed due to the pandemic.

Elizabeth Holmes employed personal assistants to run her luxury shopping sprees, traveled by private jet, stayed at exclusive hotels and drove an expensive SUV.

Once the darling of Silicon Valley, Elizabeth Holmes, founder of failed startup Theranos, was in court Monday, now a suspected felon.

Hollywood is bundling up and descending on Park City, Utah to kick off the 2019 Sundance Film Festival Thursday.

The once-heralded blood-testing startup Theranos is shutting down, according to a media report. Theranos was unable to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the upcoming months, according to an email The Wall Street Journal obtained that CEO David Taylor sent to shareholders. The announcement comes nearly three months...

Federal prosecutors have indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and patients as the head of the once-heralded blood-testing startup Theranos. The U.S. Attorney’s Office for the Northern District of California said late Friday that Holmes and her chief operating officer Ramesh Balwani, are charged with two counts conspiracy to commit wire fraud and nine...

Blood testing startup Theranos has laid off most of its remaining workforce, leaving only two dozen or fewer employees, The Wall Street Journal reported. Company founder and CEO Elizabeth Holmes announced the layoffs at an all-employee meeting at Theranos’ offices in Palo Alto, California, on Tuesday. Holmes was charged with massive fraud in March for claiming that Theranos had developed...

Elizabeth Holmes, founder of controversial blood testing start-up Theranos, has been charged with “massive fraud” by the Securities and Exchange Commission, the regulatory agency said Wednesday. CNBC reported that Holmes allegedly raised more than $700 million from late 2013 to 2015 while “deceiving investors by making it appear as if Theranos had successfully developed a commercially-ready portable blood analyzer that...

Elizabeth Holmes, founder and CEO of blood-testing company Theranos, said she was “devastated” after an inspection found “critical violations” at her California lab, raising questions about an accuracy of the tests. The Silicon Valley company, valued at $9 billion, partners with Walgreens to provide quick, in-store blood tests at a fraction of regular prices. In November, a federal inspection by...