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Search Results for: Theranos

The Next Theranos News Could See More Criminal Charges

TDR Insider / By Mary Van Doren

CEO SUMMARY: THE DARK REPORT has learned – before any other lab news resource – that in the latest in a long line of Theranos news stories, the U.S. Attorney is making statements about the potential for addition criminal charges to be brought in the case beyond those filed against CEO Elizabeth Holmes and former …

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Theranos Will Dissolve, Seeks to Settle Claims

Laboratory Management / By Joseph Burns

CEO SUMMARY: It appears that the final chapter in what many call Silicon Valley’s biggest investor fraud will conclude this week. Theranos, Inc., the once high-flying lab testing company, is to be dissolved and its remaining cash and intellectual property will be distributed, according to CEO and General Counsel David Taylor. Meanwhile, Theranos founder Elizabeth …

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Theranos News Gets Worse for the Former Silicon Valley Hero

TDR Insider / By R. Lewis Dark

CEO SUMMARY: In a tale of two fraudsters, the Department of Justice has filed a warning shot to all technology startups: Criminal indictments against Elizabeth Holmes and Ramesh “Sunny” Balwani could mean prison time and massive fines. In this latest Theranos news, The DOJ cited harm to investors, doctors and patients by the two company …

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Theranos’ Elizabeth Holmes Prepares to Meet Justice

Commentary and Opinion by R. Lewis Dark / By R. Lewis Dark

IT’S NOW CLEAR THAT TWO CLINICAL LABORATORY EXECUTIVES COMMITED one of the largest corporate fraud schemes in the past century. Reading the federal indictments against Elizabeth Holmes and Ramesh “Sunny” Balwani unsealed Friday provides insights into the extensive scale and wide scope of the alleged fraud the two Theranos executives perpetrated against patients, doctors, and …

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WSJ Reporter Tells All About Downfall of Troubled Theranos

Laboratory Management / By Joseph Burns

CEO SUMMARY: While Theranos was a darling of the business and national media, Wall Street Journal reporter John Carreyrou was hearing troubling reports about patients who got incongruent lab results that put them at risk for inappropriate medical treatments. His investigation of Theranos and its celebrated founder, Elizabeth Holmes, revealed that the company’s much-touted lab …

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How Many Patients Were Harmed at Theranos?

Laboratory Compliance / By Joseph Burns

CEO SUMMARY: Reporting in The Wall Street Journal shows that some physicians in Arizona were concerned about the harm from erroneous test results from Theranos Inc. But those physicians who expressed concern may have been only a small set of the number of physicians who were worried about patient harm. After reviewing the concerns about …

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SEC Charges Theranos with ‘Massive Fraud’

Clinical Laboratory / By Joseph Burns

CEO SUMMARY: In an action against Theranos and two of its executives, the SEC said in a federal court filing this month that the company, CEO Elizabeth Holmes, and former COO Ramesh “Sunny” Balwani deceived investors into believing that the company’s portable blood analyzer could conduct comprehensive blood tests from drops of blood collected via …

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Theranos Lays Off More Staff, Voids More Lab Test Results

Clinical Laboratory / By Joseph Burns

ONCE AGAIN, the controversial lab testing company, Theranos, Inc., found itself the subject of negative news stories. In recent weeks, The Wall Street Journal reported that the beleaguered lab testing company in Palo Alto, Calif., laid off 155 staffers, voided more laboratory test results, and cut ties with its high-profile lawyer. This round of bad …

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Theranos implosion was the first Big Story of 2016

TDR Insider / By Mary Van Doren

This is an excerpt from a 3,200-word article in the December 19 issue of THE DARK REPORT. The complete article is available for a limited time to all readers, and available at all times to paid members of the Dark Intelligence Group. CEO SUMMARY: THE DARK REPORT’S annual list of the Lab Industry’s Top 10 stories …

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Theranos Ends Patient Testing, Sued for Deceiving Investors

Clinical Laboratory / By Joseph Burns

IN THE EARLY 1960S, the great bluesman Albert King wrote, “Born Under a Bad Sign,” which contained the unforgettable lyric, “If it wasn’t for bad luck, I wouldn’t have no luck at all.” That lyric almost describes what’s happened to Theranos Inc. since October 2015. Although some would argue that Theranos brought this misfortune upon itself, …

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