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>> /Lang (EN-US) /Resources 432 0 R Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /Pg 242 0 R Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. 386 0 obj /Pg 256 0 R Claim This Company. /P 297 0 R /K 6 152 0 obj /S /LBody /K 171 0 R >> 239 0 obj /Pg 255 0 R << /MediaBox [0 0 612 792] 373 0 obj /Lang (EN-US) /K 156 0 R /Type /MCR /P 339 0 R << /P 321 0 R endobj /MediaBox [0 0 612 792] >> >> 288 0 obj >> /Parent 12 0 R 309 0 obj /K 6 endobj /P 320 0 R 376 0 obj << 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R >> endobj << << /CropBox [0 0 612 792] /K 22 /Lang (EN-US) They proposed revoking the companys license to test human specimens. 43 0 obj >> 257 0 obj /P 362 0 R 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. /Lang (EN-US) 40 0 obj Many of those statements were outright falsehoods or, more charitably, danced around the truth. << /P 359 0 R /Type /MCR /K 155 0 R /K 182 0 R /S /LBody /Pg 255 0 R Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /K 224 0 R /K 199 0 R 34 0 obj null null 191 0 R null null null 192 0 R null null] 368 0 obj Theranos is in the biotechnology industry. >> null null 127 0 R null null 45 0 R null null 128 0 R null endobj /Annots [] /Lang (EN-US) /K 26 << /S /P /Type /MCR 31 0 obj endobj 385 0 obj It's unclear whether Theranos' rise and fall will turn out to be a dazzling mirage of "would-be" business . /MCID 2 << endobj /P 8 0 R >> /StructParents 21 endobj /Pg 256 0 R /Lang (EN-US) /P 8 0 R endobj /S /P endobj endobj x+ | 138 0 obj /S /LI endobj /P 48 0 R It then allegedly used those articles to generate financial interest. /P 380 0 R /CropBox [0 0 612 792] Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. /S /P 207 0 obj /K 29 344 0 obj uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd << /K 191 0 R << << The Theranos founder intentionally deceived investors, a US . /Lang (EN-US) >> /Tabs /S /P 8 0 R /P 333 0 R /Lang (EN-US) /S /LBody /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] << /K [26 384 0 R] endobj /K 6 by Elizabeth Holmes. >> << Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. /P 54 0 R >> /Lang (EN-US) /P 51 0 R The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. << endobj << ] endobj null null 197 0 R null null null 198 0 R null null null /P 365 0 R The far-reaching nature of Theranos promises pulled stakeholders attention towards the end state rather than the more practical and operational nature of the challenges that needed consideration in order to successfully implement the purported technological approach. 188 0 R null null null 189 0 R null null null 190 0 R null 30 0 obj /K [18 385 0 R] endobj /P 8 0 R << /Pg 250 0 R /K 172 0 R /P 363 0 R << endobj 2018-03-14T09:02:10-07:00 OUR MISSION listen to our readers and cover the topics that matter to them . /P 324 0 R /Lang (EN-US) << Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. 323 0 obj /Resources 448 0 R In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. /K 189 0 R >> It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. /K 150 0 R /Pg 249 0 R /Lang (EN-US) 241 0 obj /P 63 0 R /Tabs /S /Lang (EN-US) 16 0 obj >> /Resources 500 0 R /Lang (EN-US) And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. /S /P /Lang (EN-US) /K 6 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. /Pg 257 0 R /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] /S /LI /K 28 /K [26 383 0 R] /P 286 0 R >> /Lang (EN-US) /Lang (EN-US) << << 255 0 obj endobj >> /Tabs /S /K 10 endobj /Lang (EN-US) /Pg 257 0 R null null 121 0 R null null null 122 0 R null null null endobj >> 171 0 R null null] 247 0 obj /S /LI >> /K 6 A March 17 hearing is scheduled on her request to stay out of prison during her appeal. 225 0 obj /K 7 2018-03-14T09:02:10-07:00 325 0 obj /Lang (EN-US) /S /LBody >> /Pg 236 0 R /Type /Page 199 0 obj 180 0 obj /Type /MCR /Pg 253 0 R /Pg 243 0 R 388 0 obj Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. << /Contents [445 0 R 446 0 R 447 0 R] /S /L endobj /ParentTreeNextKey 24 . 6 0 obj 139 0 R null null null 140 0 R null null null 141 0 R null 2 0 obj /Lang (EN-US) >> 84 0 obj 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. In court documents, federal prosecutors have said Holmes is a flight risk. endobj /K 31 endobj >> << << /MediaBox [0 0 612 792] /S /LI The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /S /LBody /K 164 0 R /S /P >> >> endobj /K 215 0 R /S /LI >> SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. /P 51 0 R endobj According to the March 2018 statement from the SEC, Theranos, . endobj /S /P /K 225 0 R /K 6 /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 None of the information on this page has been provided or approved by Theranos. Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. Your California Privacy Rights | Do Not Sell My Personal Information /P 55 0 R Follow Company. /Rotate 0 /S /P << << 190 0 obj /Lang (EN-US) << /P 380 0 R /K 26 (REUTERS/Carlo Allegri). /Pg 235 0 R 85 0 obj >> << /S /P >> /K 233 0 R /S /P << /K 214 0 R /Type /Page << /K 9 /Lang (EN-US) /Pg 235 0 R 359 0 obj /S /LI endobj /S /LBody /P 8 0 R /Pg 250 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 /K 183 0 R /Resources 480 0 R /S /LBody /S /LBody 212 0 obj Forbes has since . Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. There is no try', stolen from . 151 0 obj /Lang (EN-US) U.S. Attorneys Office 187 0 obj /S /LBody << << /MediaBox [0 0 612 792] endobj >> /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) /Lang (EN-US) /MediaBox [0 0 612 792] Theranos Mission Statement. >> << >> /S /LI endobj /MCID 2 /K [22 386 0 R] << 161 0 obj /K 195 0 R /P 278 0 R endobj /K 227 0 R /Lang (EN-US) /Lang (EN-US) /K 14 383 0 obj 55 0 obj /Pg 251 0 R Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. >> /K 151 0 R 142 0 obj /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] /Pg 238 0 R /P 271 0 R << Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". The company spent over $150,000 surveilling her and another whistleblower. /Pg 240 0 R 398 0 obj 210 0 obj /S /LBody endobj << Heinz and Kraft Foods. << /Annots [] 337 0 obj << endobj /K 29 /Lang (EN-US) >> /Annots [] 3 min read. endobj << /Pg 249 0 R << If convicted, they could each face maximum penalties of 20 years in prisona $2.75 million fine and possiblyrestitution, the Department of Justice said. /P 8 0 R 256 0 obj 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. endobj << /MCID 2 /MediaBox [0 0 612 792] /Contents [449 0 R 450 0 R 451 0 R] /S /LBody endobj >> /S /LI 18 [null null 209 0 R null null null 210 0 R null null null 39 0 obj /K 127 0 R << She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /K [26 395 0 R] Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. /Lang (EN-US) /Lang (EN-US) >> << /Pg 254 0 R Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. >> /K [380 0 R 381 0 R] /P 277 0 R 77 0 obj endobj /K 18 The company grew to become a business worth billions. /K 118 0 R << /Lang (EN-US) /S /P << endobj /K 213 0 R /K 203 0 R /Pg 252 0 R >> /S /LI /S /LBody endobj /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R << null null 162 0 R null null null 163 0 R null null] /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] /K 14 /S /P /K 166 0 R << >> /Lang (EN-US) >> 251 0 obj . /Pg 258 0 R The Journal reported that in 2015, the technology was only used for 15 tests.