Ramesh "Sunny" Balwani, former COO and president of the failed blood-testing startup Theranos, was sentenced to nearly 13 years in prison Wednesday.
Balwani was found guilty on all 12 charges he faced this summer, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.
Elizabeth Holmes, the former CEO of Theranos, who was also previously romantically involved with...
Elizabeth Holmes, former CEO of the failed blood-testing startup Theranos, on Friday was sentenced to more than 11 years in prison for defrauding investors.
The sentence ends a yearslong saga that raised questions about Silicon Valley's "move fast and break things" culture, particularly as it relates to healthcare.
Holmes, 38, was convicted of conspiracy to defraud investors and three counts of...
Former Theranos executive Ramesh "Sunny" Balwani was found guilty Thursday of defrauding the blood-testing company's investors and patients.
Balwani, who served as Theranos' COO and president, was convicted on all 12 charges he faced, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.
The company's former CEO Elizabeth Holmes, who was also Balwani's ex-...
A jury found former Theranos CEO Elizabeth Holmes guilty of fraud Monday, wrapping up the years-long and scandal-ridden saga of a young founder whose blood-testing technology couldn’t live up to its promises.
After seven days filled with 50 hours of deliberations, Holmes, 37, was convicted of conspiracy to defraud investors and three counts of wire fraud. The jury, made up of eight men and four...
In the tech world, the name Theranos creates a direct synapse with scandal and fraud. Once a Silicon Valley darling, the biotech company, which focused on blood tests, was exposed for its fraudulent claims and brought down in disgrace.
As the health and tech sectors continue to fuse, it is important to remember the ethics behind the tech, Erika Cheung, a key whistleblower in the Theranos scandal...
The end of an error. The Wall Street Journal reports that Theranos, the once-promising blood testing startup now plagued by scandals and lawsuits, will soon be shutting its doors for good. In a letter to shareholders obtained by the Journal, CEO and General Counsel David Taylor wrote that the company’s attempts to negotiate a sale transaction did not bear fruit, and that the company is in default...
11:06 am
March 15, 2018
The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.”
Along with former Theranos President Ramesh “Sunny” Balwani, Holmes has been charged with raising over $700 million from investors “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,...
Cure Forward shuts down. Cure Forward, a clinical trial matching platform aimed at cancer patients, has shut down its operations. The Cambridge, Massachusetts startup launched in 2015 with $15 million in venture backing, but was unable to generate new revenue going forward. In a message on its website, Cure Forward referred visitors to its site to the Cancer Support Community in their quest to...
Rick Lee takes the helm at MeYou Health: Nashville-based employee wellness company Healthways has divested itself from MeYou Health, its Boston-based innovation and digital health subsidiary. Rick Lee, a serial entrepreneur who sold early digital wellness platform Healthrageous to Humana in 2013, led a group of investors, including Ballast Point Ventures, Blue Shield of California, and several...
A former Apple executive has launched an Indiegogo campaign for Cor, his two-year-old consumer blood tracking startup formerly known as Neuon. Bob Messerschmidt worked on optics and spectrometry for the Apple Watch for three years after his previous startup, Rare Light, was quietly acquired by Apple.
The company already has $1 million in seed funding, according to a report in TechCrunch, but is...
