Criminal Law

Elizabeth Holmes headed for trial in Theranos fraud

Holmes, now 35, and Theranos’s former chief operating officer, Ramesh “Sunny” Balwani, have a pending criminal fraud case against them in a federal court in San Jose, the heart of Silicon Valley. If prosecutors have their way, the two may go to prison over charges that they defrauded investors, doctors, and patients.

In fact, it was — the technology never took off because the company never fulfilled what it was promising to investors and the public.

The alleged fraud became become a subject of intrigue in Silicon Valley and beyond, with Holmes and her Steve Jobs-inspired wardrobe of black turtlenecks at the center.


Read the source article at Yahoo News

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