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Judge drops some charges against Theranos founder Elizabeth Holmes
02-13-2020, 01:19 AM
Post: #1
Judge drops some charges against Theranos founder Elizabeth Holmes
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Judge drops some charges against Theranos founder Elizabeth Holmes but she and the company's former president WILL face wire fraud charges for 'misleading patients about the abilities of the company's blood tests

Judge on Tuesday dismissed some charges against Elizabeth Holmes but wire fraud charges still stand against her and Theranos president Sunny Balwani
They're accused of misleading patients about the blood test abilities
Court found even though they knew the tests weren't capable of consistently producing reliable results they didn't make doctors recommend them
Court ruled that since the tests were paid by medical insurance companies the patients were not deprived of any money or property
However a prosecutors claims they got $700million out of investors via misrepresentation
Their trial is set to begin in August


A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes and the company's former president Ramesh 'Sunny' Balwani, but wire fraud charges still stand.

According to the 2018 indictment, Holmes and Balwani encouraged doctors and patients to use the company's blood testing services even though they knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests.

They were accused of misleading patients about the abilities of her company's blood tests and they pleaded not guilty to nine counts of wire fraud and two counts of conspiracy to commit wire fraud.

Holmes, a Stanford University dropout, started Theranos at age 19 and questions were first raised about the accuracy and reliability of the company's signature finger prick blood-testing device in a series of articles in the Wall Street Journal in 2015.


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02-13-2020, 05:56 PM
Post: #2
RE: Judge drops some charges against Theranos founder Elizabeth Holmes
how many years will she get for fraud?

Me thinks they will go relatively light on her.

she was obviously groomed to be in that position by shadowy figures.
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