September 2014: Holmes named one of the richest women in America by Forbes The original plan had been to make Theranos’ testing available at Walgreens locations nationwide. The first Theranos Wellness Center location opens in a Walgreens in Palo Alto where consumers can access Theranos’ blood test. September 2013: Holmes opens up about Theranos announces Walgreens partnershipĪ decade after first starting the company, Holmes takes the lid off Theranos and courts media attention the same month that Theranos and Walgreens announce they’ve struck up a long-term partnership. Balwani would ultimately become the company’s chief operating officer and president of the startup. Their personal relationship was largely concealed from employees, investors and business partners. The two kept in touch and began living together in 2005, Holmes testified during her criminal trial. The two are later revealed to be romantically involved. Balwani, nearly 20 years her senior, met Holmes in 2002 on a trip to Beijing through Stanford University. September 2009: Ramesh “Sunny” Balwani joins Theranos as Holmes’ right-hand manīalwani joins as chief operating officer and president of the startup.
The name is a combination of the words “therapy” and “diagnosis.”
Holmes, a Stanford University sophomore studying chemical engineering, drops out of school to pursue her startup, Theranos, which she founded in 2003 at age 19. March 2004: Holmes drops out of Stanford to pursue Theranos Here are the highlights of the rise and fall of Elizabeth Holmes and Theranos. (Balwani’s legal team has strongly denied the allegations in court filings.) Their trials were separated after Holmes indicated she would pursue a defense that included alleging she was the victim of a decade-long abusive relationship with Balwani that impacted every part of her life.
Holmes and her former business partner, Ramesh “Sunny” Balwani, were charged in 2018 by the US government with multiple counts of wire fraud and conspiracy to commit wire fraud.
#ELIZABETH HOLMES THERANOS TRIAL#
The verdict comes after a stunning downfall that saw Holmes, once hailed as the next Steve Jobs, go from being a tech industry icon to being a rare Silicon Valley entrepreneur on trial for fraud.īut a Wall Street Journal investigation poked holes into Theranos’ testing and technology, and the dominoes fell from there. Balwani, Theranos’ former president and COO who was also Holmes’ live-in boyfriend at the time, was found guilty on Thursday of ten counts of federal wire fraud and two counts of conspiracy to commit wire fraud. Holmes, the founder and former CEO of Theranos, was found guilty on four out of 11 federal fraud and conspiracy charges in January after a months-long trial. More than three years after Elizabeth Holmes was first indicted and nearly four months after her trial kicked off, the founder and former CEO of failed blood testing startup Theranos was found guilty on four out of 11 federal fraud and conspiracy charges.
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