Edits of Theranos
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Elizabeth Holmes, the founder of Theranos bloodshed, appeared in court Tuesday as the trial of judges began in the most serious cases of fraud in Silicon Valley.
Mr Holmes has been charged with felony criminal mischief for firing on a sculpture with a shotgun, according to The Associated Press. His case is being re-assigned to another court in San Jose, California, where the trial is set to begin next week.
Ramesh Balwani, President of Theranos and an old friend of Holmes, will be judged differently next year. All of them refused.
The Holmes case is a long-awaited coda at the Theranos saga, which paid $ 9bn to those who had saved money and sang it as the reformers were not disturbed as evidence proved against their blood test technology.
The practice can be a necessary test of the distinction between forecasting and real fraud at the very beginning of technology, as financial capitalists invest in small but reliable companies.
Theranos claims to be developing a technology that can test various drugs using a few drops of blood. It made a deal to test patients for Walgreens patients and raised more than $ 700m from funders including DFJ, the Walton family of Walmart and journalist Rupert Murdoch.
However, the company was initially released after the Wall Street Journal reports in 2015 it used monitoring tools, instead of home technology, to test more.
The U.S. Department of Justice accused Holmes and Balwani three years later, alleging that they had misled doctors and patients by promoting Theranos’ expertise, and demonstrated the company’s finances and trust in investors.
Balwani, Holmes and Theranos had previously filed false charges with the Securities and Exchange Commission, while Holmes agreed to pay a $ 500,000 fine and leave his shares in the company. The company dissolved and transferred their patents to Fortress Investment Group, one of the lenders.
It is unknown whether Holmes, represented by Williams & Connolly, will be involved in the trial. His lawyers did not immediately respond to a request for comment.
The case was repeatedly delayed by the coronavirus, and Holmes gave birth in July.
Over the weekend, documents signed in court showed that Holmes’ lawyers said Balwani was harassing her, which made her nervous afterwards. Balwani’s lawyers denied this.