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Theranos lab problems posed ‘immediate jeopardy’ to patients: audit

Elizabeth Holmes, the former chief executive officer of Theranos was dismissed following an appearance at San Jose federal court, California. Stephen Lam | Reuters SAN JOSE (CALIF.) — Kingshuk Das was Theranos’ lab director during the last two years. He claims that Elizabeth Holmes, CEO, ignored all his complaints regarding serious problems with Theranos’ blood-testing […]

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Theranos boasted of accuracy in mailings to Murdoch, other investors

SAN JOSE, CALIF. — Theranos sent binders claiming the healthcare company had “the highest levels of accuracy” to high-profile investors, including billionaire Rupert Murdoch, according to court testimony on Tuesday. Elizabeth Holmes once had some of the most powerful business leaders in America backing her start-up, Theranos. The revelations emerged in the seventh week of […]

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FBI raids home of Russian oligarch and Putin associate Oleg Deripaska

Russian tycoon Oleg Deripaska speaks to media in front of the office of Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. Maxim Shemetov | Reuters FBI agents are at the home of Russian tycoon Oleg Deripaska, the agency confirmed Tuesday. The agents are conducting “court-authorized law enforcement activity” at Deripaska’s home in […]

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Stock hijacker Mark Miller pleads guilty in pump-and-dump scheme

On Monday, July 20, 2019, a pedestrian in a mask gazes at a phone while walking in front the New York Stock Exchange. Getty Images| Bloomberg | Getty Images Minnesota’s general contractor plead guilty on Thursday to the charges. scheme to hijack dormant shell companies and then pump-and-dump their stock shares on the over-the-counter market […]

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18 former NBA players charged in alleged $4 million health insurance fraud

Glen Davis, #0 from the Los Angeles Clippers will face the Houston Rockets at Game Two of Western Conference Semifinals during 2015 NBA Playoffs. It took place on May 6, 2015 at Houston’s Toyota Center. National Basketball Association | National Basketball Association | Getty Images Former NBA players (18 including Ronald Glen Davis of the […]

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Former Safeway CEO says Theranos delays raised red flags

Elizabeth Holmes (ex-CEO of Theranos) arrives in San Jose for the hearing on July 17th, 2019. Stephen Lam | Reuters SAN JOSE, CALIF. — Steve Burd (ex-CEO of Safeway) testified Wednesday in Elizabeth Holmes’ criminal fraud trial. He said that repeated delays using Theranos’ blood-testing machine raise red flags regarding his failed multimillion-dollar partnership with […]

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Adam Rosendorff, ex-Theranos lab director, testifies about ‘pressure’

On Tuesday, a former Theranos lab director testified that he left the company because of one reason only: The blood-testing technology didn’t work. Adam Rosendorff (a key witness for government) took the stand in support of Elizabeth Holmes’ criminal fraud case. Rosendorff stated that there was a lot of pressure on the company to prove […]

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Elizabeth Holmes knew machines weren’t working, says ex-lab director

Elizabeth Holmes (founder of Theranos Inc.), arrives in San Jose on Wednesday, September 22, 2021. Getty Images| Bloomberg | Getty Images SAN JOSE (CALIF.) — On Friday, a former director of Theranos’ lab acknowledged that he was able to discuss his concerns with Elizabeth Holmes, former CEO of Theranos. Adam Rosendorff began his career at […]

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Defendants in stock hijacking case set to plead guilty

Comstock | Stockbyte | Getty Images Two of the three men criminally charged with a brazen scheme to hijack dormant shell companies and fraudulently pump up their stock shares are now set to plead guilty in the case in October, court records reveal. Records show that Christopher James Rajkaran from Queens (New York) and Guyana […]

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Huawei CFO Meng Wanzhou to be released after agreement with U.S. in fraud case

Huawei chief financial officer Meng Wanzhou arrives at British Columbia Supreme Court with her security detail for the afternoon session of her extradition hearing, August 4, 2021 in Vancouver, Canada. AFP | AFP | Getty Images The chief financial officer of Chinese tech firm Huawei will be released and allowed to return to China after […]