242 0 obj /P 267 0 R /K 21 /P 51 0 R /P 351 0 R /Contents [461 0 R 462 0 R 463 0 R] << /P 50 0 R /K [26 395 0 R] /Lang (EN-US) /K 168 0 R endobj >> /Lang (EN-US) /P 295 0 R /Lang (EN-US) The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. << /S /P /Type /MCR /P 51 0 R 14 0 obj /S /LI >> endobj /StructParents 5 Getty Images. /Pg 240 0 R endobj /P 302 0 R /P 50 0 R /Lang (EN-US) Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. /K 14 Claiming and updating your company profile on Zippia is free and easy. /Tabs /S /P 8 0 R The motion for release said that Holmes is not a flight risk and "is highly motivated to continue complying with her conditions of release sothat she can work with her lawyers while she pursues her appeal.". "That's a crime . null 49 0 R null null 157 0 R null null] /P 3 0 R /S /LBody /S /LBody << The employee data is based on information from people who have self-reported their past or current employments at Theranos. /Pg 237 0 R /Pg 235 0 R /Placement /Block 91 0 obj /StructParents 21 /InlineShape /Figure 18 0 obj 43 0 obj 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. /Pg 238 0 R /Lang (EN-US) According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. 123 0 R null null null 124 0 R null null] /P 287 0 R /Pg 253 0 R /S /L It included jury selection, opening statements, released text messages, and an unexpected . /K 116 0 R 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. << /Pg 241 0 R endobj >> >> /S /LBody Cheung said she joined the company largely on the star power of its CEO. /K 129 0 R 282 0 obj /Pg 256 0 R endobj /P 8 0 R << endobj /Lang (EN-US) /P 42 0 R 350 0 obj 182 0 obj /P 51 0 R /K 161 0 R /K 137 0 R The indictment alleges Holmes and Balwani defrauded doctors and patients by making false claims concerning Theranoss ability to provide accurate, fast, reliable, and cheap blood tests and test results, and through omissions concerning the limits of and problems with Theranoss technologies. /Lang (EN-US) /S /P endobj >> 392 0 obj /Lang (EN-US) >> /Pg 235 0 R endobj Since this form of unethical behavior may lack the pangs of guilt and/or shame that generally provide people with a certain amount of self-restraint and hesitation, it can be difficult for others to suspect any bad conduct. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". Holmes said she was inspired to start the company in response to her fear of needles. Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. << /P 55 0 R /MediaBox [0 0 612 792] /P 316 0 R >> /K 22 /P 377 0 R /S /LBody << /P 380 0 R endobj /Annots [] 278 0 obj 132 0 obj 189 0 obj << Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. /StructParents 20 << /Annotation /Span /Pg 240 0 R 16 0 obj /Lang (EN-US) /Rotate 0 272 0 obj /P 50 0 R << /Pg 242 0 R /K [26 397 0 R] /Type /Catalog Entrepreneurship lives in the realm of threading between the present and the future. Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary 385 0 obj /P 368 0 R << << Theranos founder Elizabeth Holmes, now a mother of two,is asking to delay her11-year sentence for felony fraud so she can be at home with her two young children while she appeals theconviction. endobj endobj << 175 0 obj Holmes fostered a culture of fear because it served her needs. /P 381 0 R >> >> endobj 271 0 obj /CropBox [0 0 612 792] /Pg 242 0 R 116 0 obj 302 0 obj 181 0 obj . /S /LI I did not think the technology we were using was adequate enough to be engaging in that behavior.. The boundless part of her visioning deserves extra attention. +1 (202) 442-3507. endobj /S /LI /Lang (EN-US) While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. << /Pg 235 0 R 159 0 obj 87 0 obj 323 0 obj /Lang (EN-US) << /S /LI >> The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. endobj /K 10 All rights reserved. 206 0 obj >> Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /P 336 0 R /P 274 0 R /Pg 258 0 R >> 151 0 obj >> >> endobj 12 0 obj /Type /MCR >> /P 50 0 R 361 0 obj endobj 9 [null null 157 0 R null null null 158 0 R null null null 62 0 obj /Pg 256 0 R /MediaBox [0 0 612 792] /K 4 endobj endobj 69 0 obj endobj endobj 156 0 obj /P 334 0 R Last week, Zuckerberg was back with 3,000 words . 5 0 obj 186 0 obj 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R /MCID 2 /Resources 408 0 R << >> << /Tabs /S 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. >> /Pg 258 0 R /Rotate 0 endobj /P 59 0 R /Pg 235 0 R << /Pg 249 0 R /CropBox [0 0 612 792] 11 0 obj 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 22 /K 20 To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. >> << /K 8 0 R /P 51 0 R /K 121 0 R /K 210 0 R /K 24 /S /LI /K 155 0 R 90 0 obj << 13 [null null 178 0 R null null null 179 0 R null null null /Contents [421 0 R 422 0 R 423 0 R] /P 51 0 R /Length 10 0 R /S /L >> << 255 0 obj >> /K 151 0 R /S /LI endobj /S /LBody 73 0 obj /S /LBody /P 40 0 R /P 327 0 R >> /K 214 0 R /S /LI Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. endobj endobj >> /Pg 239 0 R 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. 96 0 obj >> 328 0 obj /K 7 277 0 obj According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. 8 0 obj /K 136 0 R << endobj /P 323 0 R /S /LI /S /P >> >> The effects of cheating in the service of good are not only treacherous for those who cheat, but also for those who interact and deal with the cheaters. /Pg 237 0 R /K 207 0 R >> 169 0 obj << Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013. endobj /CropBox [0 0 612 792] >> 131 0 obj /K 153 0 R University Mission Statement. stream
/P 8 0 R 312 0 obj /S /LBody >> In his book Bad Blood, John Carreyrou documented accounts describing Elizabeth Holmes unwillingness to revise the original micro-Lab specs and her reported tendency to shut off whoever tried to provide realistic feedback or solutions to the technical problems Theranos was facing. << /Tabs /S The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /P 297 0 R /P 8 0 R /S /P endobj << endobj The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. /K 3 /S /LI 335 0 obj /K 15 /S /P Zippia Score 4.7. /S /P /K 221 0 R /Pg 258 0 R << << /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /P 318 0 R HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /K 37 354 0 obj endobj Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. This is how Theranos's huge valuation was birthed and where a critical legal problem lies. /Pg 257 0 R Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. 292 0 obj /P 8 0 R /P 294 0 R endobj /Lang (EN-US) endobj /Pg 250 0 R /S /LI 145 0 R null null null 146 0 R null null null 147 0 R null /S /L /S /LBody /S /LI /P 23 0 R /MediaBox [0 0 612 792] endobj Theranos' mission is to make actionable information accessible to everyone at the time it matters most. /S /LBody endobj >> << /S /LI /Parent 12 0 R >> endobj endobj >> /K 14 /Parent 14 0 R 185 0 R null null] /Pg 257 0 R 313 0 obj endobj /S /LI /Pg 248 0 R >> To conduct any kind of research for any company in any industry. Holmes grew up in Houston, Texas and studied chemical engineering at . /K 110 0 R /MCID 2 >> /Underline /Span >> 308 0 obj >> /S /LI 117 0 obj << 234 0 obj The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. /Parent 5 0 R /Lang (EN-US) The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /P 40 0 R << /Pg 252 0 R 146 0 obj << /Pg 236 0 R /Type /Pages << >> /P 55 0 R << >> Nov 16, 2021, 6:17 PM PST. << << /Rotate 0 /P 345 0 R Prosecutors allege that Holmes and Balwani deliberately misled investors, policymakers and the public about the accuracy of Theranos blood-testing technologies since 2013, at least, EX-BILLIONAIRE ELIZABETH HOLMES CAN'T PAY LAWYERS DEFENDING HER IN THERANOS FRAUD CLAIM. << 333 0 obj /Pg 254 0 R The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. Department of Justice /S /LBody << /Resources 468 0 R 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] /S /P Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . /Tabs /S The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. >> >> << CNMN Collection /Lang (EN-US) /Pg 235 0 R /K 22 /Lang (EN-US) endobj /P 328 0 R /Pg 258 0 R /S /LI << /Lang (EN-US) >> /S /P /Rotate 0 /P 8 0 R 297 0 obj endobj /P 380 0 R 348 0 obj /S /LBody /K 15 /S /LBody 2018-03-14T09:02:10-07:00 /Pg 258 0 R endobj /P 46 0 R At the time, Holmes, 39,was a mother of a 1-year-old son and pregnant with another child. /Lang (EN-US) 128 0 obj /K 14 << /Pg 245 0 R /S /LI Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /S /LBody Market data provided byFactset. << >> 211 0 R null null null 212 0 R null null null 213 0 R null Early on, experts inside and outside of the company questioned the technology. /Annots [] endobj 136 0 obj >> >> << 198 0 obj /Lang (EN-US) /K 140 0 R /K 22 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 11 >> /S /L /Rotate 0 /S /P /K 18 /Pg 238 0 R /Pg 248 0 R /P 51 0 R /Lang (EN-US) /S /LBody << /K 130 0 R /P 379 0 R 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 . endobj /Tabs /S /S /P << /P 284 0 R 295 0 obj 394 0 obj Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. 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 8 0 R /P 33 0 R /P 50 0 R 243 0 obj /K 10 /K 21 >> << /Pg 242 0 R >> /Parent 12 0 R /P 372 0 R /Tabs /S Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /K 131 0 R >> /K 135 0 R /Lang (EN-US) << << /Pg 257 0 R When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. /K 24 /CropBox [0 0 612 792] /Pg 244 0 R /S /LBody But Theranos shared very little about its blood-testing machine with the public or medical community. endobj 345 0 obj >> /CropBox [0 0 612 792] /P 48 0 R endobj /K 147 0 R /P 8 0 R /Rotate 0 /Parent 14 0 R /Lang (EN-US) /P 8 0 R /P 299 0 R endobj The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. endobj Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do /P 380 0 R /P 55 0 R /Lang (EN-US) endobj /K 22 endobj << /K 18 endobj /P 8 0 R /S /LBody /Annots [] 60 0 obj Assistant U.S. /Pg 239 0 R /P 59 0 R /S /LI /S /P /Type /MCR /S /LI /S /LBody They proposed revoking the companys license to test human specimens. /Resources 464 0 R 34 0 obj /S /P Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. /P 8 0 R << /K 158 0 R /Type /Page /Lang (EN-US) /StructParents 13 /Type /MCR 21 0 obj endobj << /P 281 0 R >> >> /Resources 488 0 R /Parent 5 0 R /K 2 endobj This material may not be published, broadcast, rewritten, or redistributed. 17 0 obj << << /Annots [] It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. /Lang (EN-US) endobj >> /Lang (EN-US) 176 0 R null null null 177 0 R null null null 178 0 R null /P 8 0 R /S /LBody The FDA would like to extend our thanks to our federal law enforcement partners for sending a strong message to Theranos executives and others that these types of actions will not be tolerated, said Catherine A. Hermsen, Acting Director, FDA Office of Criminal Investigations. endstream /Tabs /S endobj >> But in February, the pair had a number of charges dropped, excluding wire fraud. /P 51 0 R /P 8 0 R endobj << /P 48 0 R Peter DaSilva/Reuters. /K 206 0 R endobj /Diagram /Figure /Lang (EN-US) /Pg 256 0 R /Lang (EN-US) /Lang (EN-US) 147 0 obj >> endobj >> /P 8 0 R endobj endobj In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. << 161 0 obj endobj /S /LI /Pg 235 0 R Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. /K [14 389 0 R] /K [26 388 0 R] >> /Lang (EN-US) /K 234 0 R << /S /LBody /S /LI However, any sentence following conviction would be imposed by the court after consideration of the U.S. /K 209 0 R /Pg 255 0 R >> /Pg 235 0 R 395 0 obj 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. /Pg 235 0 R /K 10 endobj null null 220 0 R null null null 221 0 R null null] /CreationDate (D:20180314084127-07'00') 341 0 obj /K 225 0 R /S /LBody /Pg 255 0 R /P 166 0 R << Pay at Theranos is significantly lower than some of its highest paying competitors, like. >> /S /LBody /Lang (EN-US) /P 380 0 R /P 8 0 R 173 0 obj endobj >> endobj /MediaBox [0 0 612 792] /P 266 0 R /Pg 238 0 R endobj endobj According to Temporal Construal Theory, a compelling, unfulfilled mission can trigger this type of operational myopia. /S /LI >> /Lang 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R Its unclear whether Theranos rise and fall will turn out to be a dazzling mirage of would-be business greatness, one of the most infamous stories of corporate fraud in the 21st century, or, an ironic reminder of the inescapable weakness of biased decision-making. Theranos Mission Statement. /Lang (EN-US) /CropBox [0 0 612 792] /Pg 250 0 R << endobj << /K 181 0 R << /Rotate 0 /K 10 /Pg 239 0 R endobj /Rotate 0 /Type /Page /P 315 0 R The .gov means its official.Federal government websites often end in .gov or .mil. /Lang (EN-US) >> /Lang (EN-US) /K 45 /S /LBody >> /Lang (EN-US) /Lang (EN-US) << /K 22 >> >> /Pg 244 0 R /K 2 << /S /LI /Lang (EN-US) /K 2 /Type /MCR << /P 8 0 R << /Pg 254 0 R /P 55 0 R 336 0 obj /Count 5 /Pg 243 0 R 113 0 obj /Lang (EN-US) >> /Pg 235 0 R /Pg 255 0 R /P 365 0 R << /P 8 0 R << endobj >> 99 0 obj /S /LI << >> null] /P 8 0 R Theranos went on to issue private stock in six rounds between 2014 and 2015, starting at 17 cents per share and ending at $17 per share, according to a document explained by Yam, with investors . 299 0 obj /Contents [409 0 R 410 0 R 411 0 R] endobj /S /P /S /LBody 217 0 R null null null 218 0 R null null null 219 0 R null >> endobj 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. << 236 0 obj /Pg 256 0 R 265 0 obj /Tabs /S /K [18 385 0 R] Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. 296 0 obj << /K 36 /P 63 0 R /Pg 253 0 R >> null 233 0 R null null null 234 0 R null null 64 0 R 65 0 R /P 8 0 R /P 303 0 R endobj The mission statement conveys no values such as honesty, transparency, or integrity. >> /Lang (EN-US) 180 0 obj /CropBox [0 0 612 792] /Lang (EN-US) /Annots [] /S /LI /MediaBox [0 0 612 792] /Annots [] /Resources 480 0 R /K 198 0 R >> /S /LI /Metadata 4 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] /S /LBody /K 2 2018-03-14T08:41:27-07:00 << /Lang (EN-US) >> /Lang (EN-US) /P 55 0 R /S /LBody /S /LBody /K 10 /Pg 246 0 R /Pg 247 0 R >> 31 0 obj endobj /StructParents 9 /Pg 256 0 R /P 40 0 R /ParentTree 9 0 R /K 12 200 0 obj /StructParents 1 . /P 54 0 R We just didn't know what new form it would take. 18 [null null 209 0 R null null null 210 0 R null null null /K [276 0 R 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 0 R << /S /LI /Pg 249 0 R >> << >> /P 8 0 R 192 0 obj /K 14 /Pg 245 0 R 264 0 obj 384 0 obj /Contents [417 0 R 418 0 R 419 0 R] In 2013, things had "started to get a bit tight," Yam said. Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. /Type /MCR /K [26 384 0 R] 279 0 obj /P 50 0 R /S /LBody /Pg 240 0 R >> << 287 0 obj 246 0 obj It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. 372 0 obj endobj 93 0 R] << endobj /S /L Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. /S /LI /StructParents 17 >> In court documents, federal prosecutors have said Holmes is a flight risk. << >> /Lang (EN-US) /S /LI << /P 8 0 R 306 0 obj /Pg 255 0 R /CropBox [0 0 612 792] endobj /MediaBox [0 0 612 792] Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 42 0 obj << /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] /K 6 /Lang (EN-US) endobj /K 159 0 R /Tabs /S 201 0 obj << endobj /P 42 0 R /P 389 0 R /S /LBody /Tabs /S 370 0 obj /S /LI Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. endobj /Pg 252 0 R /Lang (EN-US) endobj Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. /P 380 0 R >> /K 49 endobj 300 0 obj /P 51 0 R /Pg 235 0 R /Parent 11 0 R $1 million bail: Student accused of attacking teacher's aide over Nintendo Switch, Consumer confidence: Optimism of US consumers declined in February, reflecting fears of a recession. endobj /K 170 0 R /Pg 235 0 R /P 51 0 R /StructParents 22 /K 120 0 R << In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. /Pg 254 0 R << /S /P endobj 2 [null null 119 0 R null null null 120 0 R null null 41 0 R >> >> << /Pg 235 0 R endobj /Pg 238 0 R /K 22 1. /S /LBody endobj /S /LI Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. 54 0 obj endobj endobj << << /P 8 0 R /P 33 0 R >> 274 0 obj endobj /P 305 0 R << >> >> 74 0 obj /P 339 0 R 330 0 obj >> >> /P 366 0 R /P 371 0 R endobj /K 196 0 R >> >> /K 18 1 0 obj << /P 8 0 R >> /K 33 /K 144 0 R /S /LI << /Pg 250 0 R /S /P /S /LI 316 0 obj /S /LBody /P 63 0 R The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. endobj Help us make this company more transparent. /Lang (EN-US) /S /LBody endobj /Pg 257 0 R /P 283 0 R /P 8 0 R << << 288 0 obj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . 24 0 obj Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. /MediaBox [0 0 612 792] << 314 0 R 315 0 R 316 0 R 317 0 R 318 0 R 319 0 R 320 0 R 321 0 R 322 0 R 323 0 R I write about culture, leadership and ethics in business and work. /Type /Page The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. /Parent 13 0 R /K 145 0 R /S /LBody Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. /S /LBody /Pg 256 0 R >> /Pg 235 0 R What's everyone talking about? 363 0 obj 369 0 obj >> /Annots [] /S /LBody D:20180314151216 /S /LBody /K 3 /S /LI endobj endobj /K 390 0 R << /S /LBody endobj /S /LI Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. 135 0 obj >> >> >> << /P 48 0 R >> /MediaBox [0 0 612 792] /S /LI /K 10 !xRnE1$g9`8\\5g1^"z+. 184 0 obj /S /P /S /LBody << endobj /K 178 0 R 1 /S /LBody 100 0 obj endobj endobj Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. /K 227 0 R /S /P /Length 502 0 R << >> /P 8 0 R /K 224 0 R /Lang (EN-US) << /K 143 0 R endobj /S /LBody >> << /S /LBody /K 31 >> endobj /Rotate 0 endobj /P 325 0 R << 134 0 obj