theranos mission statement10 marca 2023
theranos mission statement

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305 0 obj >> /Resources 424 0 R /Lang (EN-US) /K 14 << endobj null null 225 0 R null null null 226 0 R null null null Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. /Tabs /S /Pg 258 0 R << /S /LBody /S /LBody 181 0 obj /Pg 237 0 R Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. /K 220 0 R endobj 336 0 obj << Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /P 8 0 R /P 358 0 R endobj /Pg 247 0 R /Rotate 0 << /K 228 0 R >> >> The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. /Pg 239 0 R /Pg 245 0 R /Type /MCR /K 18 /Parent 11 0 R << /P 304 0 R /Kids [250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R] /StructParents 18 6 [null null 143 0 R null null null 144 0 R null null null /Rotate 0 /Pg 249 0 R application/pdf /S /LBody 375 0 obj endobj >> endobj /K 11 endobj . /Lang (EN-US) 328 0 obj ] /P 380 0 R /P 8 0 R << endobj /K 119 0 R /Pg 235 0 R /S /LI 120 0 obj /P 50 0 R /Type /Page /S /P << /Pg 255 0 R << /Lang (EN-US) endobj /K 17 null null 220 0 R null null null 221 0 R null null] << 201 0 obj <> /P 50 0 R /K 146 0 R /P 33 0 R /P 8 0 R /Lang (EN-US) /Pg 236 0 R << For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. null] /P 335 0 R /Lang (EN-US) /K 10 /Lang (EN-US) endobj 97 0 obj /S /LBody 96 0 obj /K 167 0 R 376 0 obj /P 8 0 R /P 59 0 R /Type /MCR And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. /K 10 There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. >> /K 261 0 R /Pg 246 0 R /P 355 0 R /S /LBody /K 22 << /S /P /P 375 0 R /S /LI << endobj /S /LBody /P 307 0 R endobj /Pg 235 0 R /K 231 0 R 54 0 obj <> /Pg 244 0 R /Parent 11 0 R 27 0 obj /Contents [497 0 R 498 0 R 499 0 R] >> << /P 266 0 R /S /LBody endobj /S /LI Northern District of California, FOR IMMEDIATE RELEASEFriday,June 15, 2018, Elizabeth Holmes and Ramesh Sunny Balwani Are Alleged to Have Perpetrated Multi-million Dollar Schemes to Defraud Investors, Doctors, and Patients. /StructParents 0 << endobj /S /LI /K [380 0 R 381 0 R] << 2018-03-14T09:02:10-07:00 /Pg 241 0 R /P 381 0 R << /Pg 244 0 R 1343. /Type /Page "Sunny Balwani did not start Theranos," said the lawyer . >> << /S /P endobj endobj /P 48 0 R endobj endobj /K 6 /P 276 0 R /Lang (EN-US) /MCID 2 /K 5 It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. >> 95 0 obj 67 0 obj 52 0 obj /P 376 0 R According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. /Pg 235 0 R /P 8 0 R >> endobj That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. /Contents [433 0 R 434 0 R 435 0 R] /Type /Page /CropBox [0 0 612 792] /K 214 0 R /P 55 0 R >> The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. 117 0 obj However, any sentence following conviction would be imposed by the court after consideration of the U.S. /Lang (EN-US) << The national average salary for a Theranos employee in the United States is $44,094 per year. 49 0 obj - Sep 15, 2021 3:40 pm UTC. /Lang (EN-US) Instead of sticking with them, Holmes and her team could have put an equal amount of energy and ingenuity into developing a safe user-friendly technique to draw the adequate amount of blood necessary. /Parent 13 0 R 303 0 obj >> >> [2] This was done through a medical device called a nanotainer, which drew, retained, and analyzed mere droplets of blood from the patient's fingertip and . << /K 14 Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. /Pg 252 0 R /CropBox [0 0 612 792] 196 0 obj << << endobj /Lang (EN-US) << /K [26 397 0 R] /P 289 0 R /MCID 2 /Rotate 0 /Type /Page /Pg 246 0 R /P 40 0 R /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] 99 0 obj << 24 0 obj << /S /LI /Pg 258 0 R /Type /MCR 352 0 obj << The employees at Morgan Stanley earn an average yearly salary of $103,933 per year, and the salaries at National Journal average $73,533 per year. >> endobj /K 143 0 R /Lang (DE-DE) endobj Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). Elizabeth Holmes donated /Pg 236 0 R /Pg 235 0 R /K [14 389 0 R] << endobj If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. /Pg 255 0 R /Resources 444 0 R /P 8 0 R << /K 18 The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? /K 159 0 R /Rotate 0 /K 192 0 R Help other job seekers by rating Theranos. 175 0 obj /P 50 0 R 1349, and nine counts of wire fraud, in violation of 18 U.S.C. >> /MediaBox [0 0 612 792] >> >> endobj /P 8 0 R /Lang (EN-US) We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. << null 47 0 R null null 129 0 R null null null 130 0 R null << >> /Pg 240 0 R Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. >> The boundless part of her visioning deserves extra attention. >> endobj >> /K 6 /Pg 257 0 R /P 8 0 R /S /LBody /K [26 383 0 R] >> Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. /Annots [] /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R In fact, Yam relied heavily on Holmes for financial projections. 40 0 obj endobj /S /LI << /S /LI /S /LI 213 0 obj /Lang (EN-US) /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R endobj << /Pg 254 0 R 347 0 obj /Lang (EN-US) null null 174 0 R null null null 175 0 R null null null The Indictment Alleges That Investors Were Defrauded. >> /Lang (EN-US) 147 0 obj Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. 140 0 obj /Tabs /S /Lang (EN-US) << /K 9 >> /Contents [398 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R] << >> /Lang (EN-US) << >> /K [28 391 0 R] 29 0 obj 109 0 obj /Lang (EN-US) /Lang (EN-US) << 108 0 obj >> /K 145 0 R >> /S /LBody /MediaBox [0 0 612 792] /P 326 0 R /Pg 242 0 R << /Lang (EN-US) >> >> >> /Lang (EN-US) /Lang (EN-US) /P 51 0 R endobj /K 144 0 R 145 0 R null null null 146 0 R null null null 147 0 R null endobj >> >> /Lang (EN-US) /Annots [] /MCID 2 /Pg 253 0 R >> In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. 192 0 obj /Parent 13 0 R /P 48 0 R << /S /P 360 0 obj >> << /K 199 0 R /P 297 0 R 116 0 obj The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /Pg 247 0 R /P 8 0 R /Lang (EN-US) << >> >> /Pg 243 0 R /S /LBody /Lang (EN-US) /K [273 0 R 274 0 R] Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. << Connor Radnovich/The Chronicle. endobj 257 0 obj /P 296 0 R Holmes faces up to 20 years in prison. << /S /L /S /LI 393 0 obj null null 191 0 R null null null 192 0 R null null] 161 0 obj 34 0 obj /ParentTreeNextKey 24 << /Pg 244 0 R 18 [null null 209 0 R null null null 210 0 R null null null 252 0 obj endobj /Contents [449 0 R 450 0 R 451 0 R] (REUTERS/Carlo Allegri). /P 8 0 R 65 0 obj /K 10 The mission statement conveys no values such as honesty, transparency, or integrity. /CropBox [0 0 612 792] /P 319 0 R /Lang (EN-US) endobj Did you ever provide financial projections to investors? Robert Leach, an assistant US attorney,asked Yam. Early on, experts inside and outside of the company questioned the technology. >> << /S /LBody 141 0 obj << << 74 0 obj /MediaBox [0 0 612 792] /Pg 242 0 R /S /LI Last week, Zuckerberg was back with 3,000 words . << /S /LBody /K 130 0 R << 173 0 obj << None of the information on this page has been provided or approved by Theranos. /P 51 0 R /Lang (EN-US) /S /LI /P 50 0 R /S /P << /K 11 Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /Lang (EN-US) The average salaries at Bloomberg rank the highest, with their employees earning an. /S /P << endobj << /K 179 0 R The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. 202 0 obj /K 232 0 R Assistant U.S. /Lang (EN-US) 41 0 obj /Lang (EN-US) >> endobj /P 33 0 R 93 0 obj /Pg 249 0 R endobj /K 14 /Rotate 0 386 0 obj /K 3 << 188 0 obj << /Lang (EN-US) /Annots [] 372 0 obj These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. /S /LI /Resources 456 0 R /Lang (EN-US) << /Rotate 0 Creating something new is about breaking the status quo. /Contents [461 0 R 462 0 R 463 0 R] While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. /Lang (EN-US) /Type /MCR /P 48 0 R /Pg 235 0 R << emblazoned in block capitals in the Theranos lobby, was 'Do or do not. 298 0 obj /P 353 0 R /K 213 0 R 152 0 obj /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] 261 0 obj /K 14 206 0 obj Elizabeth Holmes is the founder and former CEO of Theranos (2003-2018), a company that created and distributed blood testing devices. /P 8 0 R 160 0 obj endobj /Pg 235 0 R Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point. HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /K 38 Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. /S /P endobj /S /LI /Annots [] /Type /MCR /P 371 0 R /Pg 254 0 R /P 360 0 R Nov 16, 2021, 6:17 PM PST. /Lang (EN-US) /S /LBody << 268 0 obj /K 21 /S /LI /K 157 0 R . << /K 3 /K 181 0 R >> endobj /Lang (EN-US) 51 0 obj /S /LI /S /LBody /Lang (EN-US) 158 0 obj endobj /Pg 243 0 R /P 50 0 R /K 10 /S /LI /Lang (EN-US) 168 0 obj << Holmes unflappability may have made it difficult for Theranos board members and prospective clients to raise or press on with the right questions at the right time. /Pg 235 0 R 378 0 obj . 317 0 obj /Length 10 0 R endobj 1343. The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. endobj /Pg 239 0 R 3480 /P 8 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R 165 0 obj << endobj endobj /S /LBody /S /LBody /K 28 endobj The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. << /Lang (EN-US) /Annots [] Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). << << /S /LBody >> >> endobj 1. Theranos is a consumer healthcare technology company. /K 10 /P 51 0 R /S /LI /S /LI endobj 191 0 obj << /K [22 386 0 R] << /K 24 endobj Recalls, Market Withdrawals and Safety Alerts, Inspections, Compliance, Enforcement, and Criminal Investigations, June 15, 2018: Theranos Founder and Former Chief Operating Officer Charged in Alleged Wire Fraud Schemes. /P 337 0 R /Contents [489 0 R 490 0 R 491 0 R] endobj /K 2 /K 6 333 0 obj << <> >> /K 30 260 0 obj endobj /K 393 0 R /P 8 0 R << << << endobj /P 363 0 R endobj endobj /Contents [425 0 R 426 0 R 427 0 R] 21 0 obj << /S /LI It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. Holmes dropped out of Stanford University at 19 to found Theranos in 2003. /P 372 0 R endobj >> endobj /K 161 0 R endobj << /P 40 0 R Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. 17 [null null 204 0 R null null null 205 0 R null null null /P 63 0 R << /S /P /Lang (EN-US) /P 51 0 R << /S /LBody endobj /Pg 254 0 R /P 55 0 R /S /Table 124 0 obj /Count 5 endobj /Annots [] /K 6 /S /LBody << /Pg 251 0 R /K 1 /Pg 241 0 R /K 30 /Marked true /Type /Pages 36 0 obj endobj Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. /S /LBody /Pg 255 0 R 184 0 obj With >> >> 207 0 obj /P 342 0 R /P 349 0 R /S /LBody endobj Terry Masson (Founder and Chief Executive Officer). /Pg 249 0 R >> /Resources 488 0 R 157 0 obj /Pg 257 0 R 309 0 obj /P 48 0 R 355 0 obj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. /P 51 0 R /Resources 460 0 R /Pg 235 0 R /S /LBody /K 2 /Lang (EN-US) endobj We just didn't know what new form it would take. /K [30 396 0 R] /Pg 257 0 R /K 10 /P 42 0 R /K 6 endobj Tim De Chant /S /LBody 385 0 obj /K 12 endobj Yam said she had never seen the document before, nor did she know where those numbers had come from. They proposed revoking the companys license to test human specimens. /K 6 << /Tabs /S >> /P 8 0 R /S /LI /K 5 /Type /MCR endobj 362 0 obj /P 55 0 R /K 10 << << /S /LI /P 278 0 R /S /P <> Holmes grew up in Houston, Texas and studied chemical engineering at . >> In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. >> /S /P /Parent 13 0 R /P 48 0 R /K 34 >> << Elizabeth Holmes blue eyes and baritone voice, her, albeit incomplete, Stanford credentials and well-crafted life narrative were the perfect exterior to a dream-come-true vision of a better future for millions of people. << /StructParents 3 /S /LBody /P 42 0 R >> /P 8 0 R >> /K 18 /Pg 236 0 R /P 377 0 R 330 0 obj Leaving Little Space for Inspiration. 114 0 obj /Pg 238 0 R /Rotate 0 /Lang (EN-US) 227 0 R null null null 228 0 R null null] /S /P We searched far and wide for the best company mission statement examples. /Rotate 0 endobj After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. << /Contents [457 0 R 458 0 R 459 0 R] >> << /Lang (EN-US) 365 0 obj <> /P 264 0 R /Pg 235 0 R /Lang (EN-US) /Rotate 0 The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. 15 0 obj endobj << endobj Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elizabeth Holmes. <> Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /K 175 0 R /K 22 142 0 obj >> She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. << 272 0 obj /S /P << << endobj /S /LI At times during that period, Balwani worked in several capacities including as a member of the companys board of directors, as its president, and as its chief operating officer. << /Lang (EN-US) /Pg 258 0 R endobj endobj 35 0 obj /K 222 0 R /Lang (EN-US) >> /K 211 0 R /Rotate 0 endobj /S /LI /P 305 0 R /Type /Page 149 0 R null null null 150 0 R null null null 151 0 R null endobj >> endobj endobj endobj 256 0 obj /K 230 0 R Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. endobj << The company grew to become a business worth billions. /S /LBody /S /LI /K 2 >> /P 352 0 R endobj /Pg 243 0 R << 155 0 obj /P 281 0 R /S /LI endobj Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /Pg 237 0 R >> /K 208 0 R /P 333 0 R /Parent 14 0 R The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. 129 0 obj 163 0 obj /S /P << /Pg 256 0 R << 297 0 obj 266 0 obj >> >> /Superscript /Span >> GET FOX BUSINESS ON THE GO BY CLICKING HERE. /Parent 14 0 R They are also attracted by the fact that behind the innovation and entrepreneurship are rules of law that require honesty, fair play, and transparency. << /Lang (EN-US) /Subscript /Span /P 314 0 R We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 84 0 obj uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd /Lang (EN-US) /Contents [441 0 R 442 0 R 443 0 R] /S /LI 194 0 R null null null 195 0 R null null null 196 0 R null /Lang (EN-US) /S /LI /Lang (EN-US) /K 153 0 R /Pg 257 0 R /Lang (EN-US) >> /S /LBody endobj >> << /Author () /Parent 14 0 R Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. endobj endobj /MediaBox [0 0 612 792] /P 8 0 R Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. We all knew it was coming. 82 0 obj endobj << /Lang (EN-US) 139 0 R null null null 140 0 R null null null 141 0 R null >> /Lang (EN-US) endobj /Lang (EN-US) /SourceModified (D:20180314151216) /Lang (EN-US) /K 5 endobj endobj /S /LBody The company grew to be worth more than $9 billion, employing more than800 employees attracting investors such asLarry Ellison, founder of Oracle; Rupert Murdoch, billionaire media mogul; and the Walton family, who founded Walmart. /P 48 0 R >> /K 14 /K 148 0 R << Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. endobj /P 312 0 R /K 24 2. >> 46 0 obj >> endobj >> /K 3 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R] 2 0 obj endobj /Lang (EN-US) >> << /K 14 193 0 obj /S /P /Rotate 0 /K 23 /StructParents 23 /S /LBody Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. 188 0 R null null null 189 0 R null null null 190 0 R null /Rotate 0 << /S /L /P 262 0 R /S /LI >> 13 0 obj >> 143 0 obj << /Tabs /S /K 149 0 R /MediaBox [0 0 612 792] 223 0 obj /S /LBody /S /LBody /K 12 /Lang (EN-US) endobj >> 78 0 obj /Contents [413 0 R 414 0 R 415 0 R] /K 10 << endobj >> /Tabs /S The company claimed that it had devised . << For example, allegedly, Holmes and Balwani knew that the analyzer, in truth, had accuracy and reliability problems, performed a limited number of tests, was slower than some competing devices, and, in some respects, could not compete with existing, more conventional machines. 379 0 obj % endobj /S /P << /Lang (EN-US) /P 50 0 R Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. << /S /LI /K 9 /S /P The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. Peter DaSilva/Reuters. /K 227 0 R 106 0 obj endobj >> endobj /K 184 0 R /P 348 0 R -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . <> /K 6 << The Theranos founder intentionally deceived investors, a US . null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R << Fear a Culture of Fear. >> >> /P 50 0 R >> endobj << endobj And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. endobj 254 0 obj << /Pg 247 0 R endobj /Lang (EN-US) endobj 203 0 obj endobj >> /P 8 0 R /Lang (EN-US) null null 131 0 R null null] 300 0 obj << endobj Balwani . >> 66 0 obj /P 328 0 R It's unclear . According to the March 2018 statement from the SEC, Theranos, . << 245 0 obj 253 0 obj endobj /K 24 /S /P >> The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. /S /LI /Pg 250 0 R /S /L endobj endobj 132 0 obj >> 383 0 obj 324 0 obj /Count 5 endobj /P 42 0 R 234 0 obj endobj <> << /S /P /Resources 436 0 R /Subtype /XML Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup.

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