endobj endobj << /K 14 >> The Associated Press contributed to this report. 123 0 R null null null 124 0 R null null] << /K 218 0 R << /Pg 240 0 R 37 0 obj /K [28 391 0 R] /Annots [] Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. 256 0 obj /P 347 0 R /Contents [485 0 R 486 0 R 487 0 R] endobj endobj /S /P /K 169 0 R /S /L << /Lang (EN-US) /S /LI In many ways, Theranos is the embodiment of Silicon Valley startup culture. /K 22 << endobj << /Pg 258 0 R endobj << /P 50 0 R Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. /Lang (EN-US) Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek. /S /P >> endobj /Tabs /S John Carreyrou writes the story of a gifted 19-year-old who founded a health . >> /Pg 235 0 R Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /Pg 251 0 R /K 142 0 R /Pg 243 0 R >> >> /MediaBox [0 0 612 792] >> /K 18 /P 55 0 R >> /P 333 0 R /P 8 0 R /Pg 258 0 R << . /P 51 0 R /K 217 0 R /Lang (EN-US) >> endobj endobj << >> /K 127 0 R >> 201 0 obj /S /LI 389 0 obj /Lang (EN-US) >> 356 0 obj endobj /K 28 /P 8 0 R /Parent 14 0 R 292 0 obj /S /LBody /K 115 0 R << >> /P 50 0 R /K 174 0 R Before sharing sensitive information, make sure you're on a federal government site. endobj << /Resources 412 0 R 195 0 obj endobj Nov 16, 2021, 6:17 PM PST. /P 48 0 R /P 42 0 R >> /P 55 0 R endobj /S /LBody For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. endobj /Lang (EN-US) << << /Lang (EN-US) It claims its technology can work with just a finger prick. >> /P 8 0 R 302 0 obj /P 380 0 R >> The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. /K 22 /S /LI /P 50 0 R endobj We searched far and wide for the best company mission statement examples. /Lang (EN-US) endobj /Rotate 0 /Pg 235 0 R 310 0 obj 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] /K 33 /P 23 0 R >> /K 227 0 R /S /LBody /P 51 0 R >> endobj /K 28 The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? >> /K 9 Easy acce View the full answer Through these advertisements, the defendants explicitly represented to individuals that Theranoss blood tests were cheaper than blood tests from conventional laboratories to induce individuals to purchase Theranoss blood tests. << /S /LBody /Pg 235 0 R Holmes grew up in Houston, Texas and studied chemical engineering at . /Tabs /S 165 0 obj 179 0 obj endobj /K 6 /S /LI >> >> Consider Elizabeth Holmes obsession with producing as small a micro-Lab as possible or with using just a few drops of blood in order to conduct the myriad of tests Theranos promised. /K 128 0 R /Parent 14 0 R It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. >> << >> /K 28 << In court documents, federal prosecutors have said Holmes is a flight risk. /Pg 250 0 R /S /LBody << << /S /TD Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /P 351 0 R /S /LI /P 55 0 R /K 18 >> /Pg 253 0 R << endobj null null 174 0 R null null null 175 0 R null null null >> The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . /P 55 0 R << /P 42 0 R /K 159 0 R /S /LBody /Contents [449 0 R 450 0 R 451 0 R] /S /LI endobj << >> /K 6 /P 48 0 R /Pg 256 0 R /K 186 0 R /P 48 0 R >> << /K 15 endobj << /Lang (EN-US) /P 51 0 R << << << >> /K 212 0 R << /Lang (EN-US) endobj 101 0 obj endobj /MediaBox [0 0 612 792] /K 2 /Lang (EN-US) Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. /P 8 0 R 232 0 obj /Resources 456 0 R /Pg 235 0 R /Parent 13 0 R << /O /Layout /Pg 257 0 R endobj /Pg 247 0 R /K 10 << endobj 218 0 obj >> << /S /LBody << /Annots [] 224 0 obj /K 14 112 0 obj null null 131 0 R null null] /S /LBody << /S /LI Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. /Lang (EN-US) : 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. /P 288 0 R /Pg 248 0 R << endobj /Lang (EN-US) << endobj /P 48 0 R /Pg 256 0 R >> /S /LI << /S /P /S /LBody 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] endobj /P 307 0 R 340 0 obj /Pg 257 0 R << The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. 263 0 obj endobj /S /P /K 24 << null null 162 0 R null null null 163 0 R null null] /K 260 0 R The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. /S /LBody /Tabs /S /CropBox [0 0 612 792] << /Length 502 0 R 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. /Tabs /S endobj /Pg 245 0 R /S /LI by Elizabeth Holmes. endobj /Lang (EN-US) /Pg 235 0 R U.S. Attorneys Office /K 226 0 R /Resources 424 0 R << /S /LBody /S /P endobj /Lang (EN-US) /K 131 0 R /S /LI /P 348 0 R 382 0 obj /S /LBody << /K [26 384 0 R] endobj endobj /Rotate 0 >> /P 8 0 R Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. 241 0 obj /Lang (EN-US) Whistleblower and former Theranos lab tech Erika Cheung. /Lang (EN-US) >> 17 [null null 204 0 R null null null 205 0 R null null null 394 0 obj /S /LBody Claim This Company. /Resources 496 0 R Follow Company. /S /LBody /Count 5 << /K 136 0 R /P 54 0 R endobj 19 [null null 215 0 R null null null 216 0 R null null null /S /L /P 8 0 R /K 228 0 R /Pg 235 0 R >> /Contents [489 0 R 490 0 R 491 0 R] /Rotate 0 /StructParents 13 /Lang (EN-US) endobj 282 0 obj /Lang (EN-US) >> null 233 0 R null null null 234 0 R null null 64 0 R 65 0 R /Type /MCR /P 51 0 R /K 16 133 0 R null null null 134 0 R null null null 135 0 R null /K 157 0 R /Lang (EN-US) 166 0 obj << /S /P /P 63 0 R It included jury selection, opening statements, released text messages, and an unexpected . << << /P 50 0 R Mission Statement. >> /P 63 0 R /Pg 245 0 R /Parent 12 0 R /K 9 OUR MISSION listen to our readers and cover the topics that matter to them . /K 189 0 R << /K 390 0 R << 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 /K 10 This district, led by Silicon Valley, is at the center of modern technological innovation and entrepreneurial spirit; capital investment makes that possible. << null null null 231 0 R null null null 232 0 R null null /K 6 /Pg 254 0 R >> << A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /Annots [] 167 0 obj /P 269 0 R And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. /Lang (EN-US) Pay at Theranos is significantly lower than some of its highest paying competitors, like. null 49 0 R null null 157 0 R null null] /P 392 0 R /K 206 0 R /S /LBody /S /LI endobj /Type /MCR endobj >> /Pg 244 0 R << /P 332 0 R /Resources 432 0 R /Lang (EN-US) endobj /P 59 0 R /Contents [461 0 R 462 0 R 463 0 R] For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". /S /LI /Pg 256 0 R /K [354 0 R 355 0 R 356 0 R 357 0 R 358 0 R 359 0 R 360 0 R 361 0 R 362 0 R 363 0 R /Lang (EN-US) Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. /P 8 0 R /Diagram /Figure 228 0 obj /S /LBody >> Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. << /Rotate 0 << 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. << >> /S /L /P 8 0 R 371 0 obj 23 [83 0 R 84 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 /Pg 257 0 R endobj /P 284 0 R /P 48 0 R >> The company grew to become a business worth billions. /K 155 0 R /Tabs /S >> /P 33 0 R /P 33 0 R Former Theranos board member and former Secretary of Defense James "Mad Dog" Mattis testified last week in the criminal trial of former Theranos CEO Elizabeth Holmes. << >> /Type /Page endobj stream
/Pg 245 0 R /K 14 endobj /S /LI /Parent 14 0 R /Pg 255 0 R /K 10 endobj >> /S /P endobj /Resources 416 0 R /S /LI /K 202 0 R >> << endobj The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. >> /K 139 0 R << /Resources 440 0 R Yam said she had never seen the document before, nor did she know where those numbers had come from. /Annots [] Read our affiliate link policy. >> Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). /S /LI /S /LBody << >> endobj << /StructParents 10 << 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. 43 0 obj 266 0 obj endobj /Pg 235 0 R It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. 30 0 obj 262 0 obj Claiming and updating your company profile on Zippia is free and easy.