What do we know so far about Theranos Elizabeth Holmes’ trial? Elizabeth Holmes was charged with fraud and other counts in the U.S. for allegedly lying to investors about her new technology, the Theranos blood-testing product. Holmes was CEO of the company, whose main goal was to revolutionize the medical industry.
She was accused of defrauding investors, misusing company funds, and misleading statements that deceived the public about the company’s financial status. But now, Elizabeth Holmes is back in the news and this time for a different reason.
Now, she’s on trial for fraud. It’s believed that Holmes lied to investors about how much money the company made and spent. According to prosecutors, Holmes said the company was profitable when it actually wasn’t. She also claimed it had a positive cash flow when it actually lost money.
There were other issues too, such as the company only used a small laboratory to test its blood-testing products, despite claiming it had a $3 billion market. Finally, the company was never able to produce a product that worked as promised. All of this came to light after Elizabeth Holmes was arrested last year. The Securities and Exchange Commission charged Holmes with making misleading statements to investors about her startup. In May of 2018, Holmes pleaded not guilty. On July 31, a federal judge set a trial date for September 24.
What Transpired in the Courtroom?
- Holmes admitted that Theranos devices weren’t on medevac helicopters, as several investors claimed Holmes told them
- Holmes knew it would be wrong to tell an investor Theranos didn’t use third-party machines
- Holmes acknowledged that different financial projections were given to investors and the people calculating Theranos’ stock option values
- Holmes knew there were a bunch of things wrong in a big Fortune article, but promoted it anyway
- Emails showed Theranos did special preparation for demo tests, and didn’t report results they were having trouble with
- A 2010 slideshow from a Theranos scientist, which Holmes cited as part of her belief in the technology, was forward-looking and contained more aspirations than facts
- Patents are not the same thing as working devices
- The published journal articles, which Holmes also cited as part of her belief in Theranos technology, were after the period in which the alleged fraud took place
- Holmes knew the 2015 CMS inspection was going badly
Who is Theranos Elizabeth Holmes’ Boyfriend?
According to information available, Elizabeth actually put her boyfriend in charge of the business but who is he actually?
There has been a lot of talk about who Elizabeth Holmes’ boyfriend is, but no one knows for sure. We have some theories based on what we know.
Who Is Elizabeth Holmes’ Boyfriend
In March 2015, there were reports that Elizabeth Holmes was dating her former Stanford University classmate, David Beasley. The two reportedly went to school together at Stanford, and they would often meet up in California. She also dated her Stanford classmate and best friend, Zachary Smith, for a while. In March 2016, she confirmed that she was still dating Beasley and that they had broken up the previous year.
Then in June 2016, Holmes confirmed that she was dating entrepreneur Steve Jurvetson. In August, she said that she was dating a third man.
It has been rumored that her boyfriends are:
David Beasley
Steve Jurvetson
Zachary Smith
Robert Pozen
Robert Pozen
Then in November 2017, Holmes confirmed that her boyfriend was Robert Pozen. The same month, it was revealed that Pozen was a high-ranking executive at venture capital firm DFJ Growth, but his name was not mentioned in any of the articles about Holmes.
