Theranos founder elizabeth holmes trial#

The tests, according to Holmes, will be able to detect diseases such as cancer and high cholesterol. San Jose, California (CNN) Elizabeth Holmes defense rested its case Wednesday, shortly after the founder and former CEO of Theranos concluded her seventh day on the witness stand in her own criminal trial. Theranos' fraud business strategy was built on the premise of performing blood tests with proprietary technology that just required a pinprick in your finger and a tiny bit of blood. Theranos was founded in 2003 by Elizabeth Holmes, then 19 years old, and raised over US $700 million from venture capitalists and other investors, leading in a $10 billion valuation at its height in 20. These allegations, however, were later disproved. Theranos and founder Elizabeth Holmes raised 700 million from mostly wealthy investors without ever having to provide financial statements audited by an independent public accounting firm. Back then, Theranos was a revolutionary idea thought up by a woman hailed as a genius who. During the trial, a separate room was provided for the young mother to nurse and care for her son. In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world. She is now separated from Balwani and is in a relationship with a wealthy heir the two had their first child in July 2021. (AP) Former Theranos CEO Elizabeth Holmes spent another five hours on the witness stand Tuesday sparring with a federal prosecutor aiming to prove criminal allegations that.

Theranos founder elizabeth holmes trial#

Theranos was a privately held American health technology company that claimed to have invented blood tests that required very little blood and could be conducted very quickly utilising small automated instruments the company had developed. Three years after the end of Theranos, the trial of founder Elizabeth Holmes got underway in California on August 31, 2021. Back then, Theranos was a revolutionary idea thought up by a woman hailed as a genius who styled. When Holmes was a child, her family relocated from Washington, DC to Houston. In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world. Ms Holmes faces 12 fraud charges over her. Elizabeth Holmes was born in Washington, DC on February 3, 1984.Her mother, Noel Holmes, worked for a Congressional committee, while her father, Christian Holmes, worked for Enron before going to government agencies such as USAID. Theranos founder Elizabeth Holmes 'lied and cheated' for money and fame, prosecutors alleged on the first day of the former Silicon Valley stars trial.