>> Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. /K 6 null 49 0 R null null 157 0 R null null] The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /K 28 209 0 obj /Pg 235 0 R /K 128 0 R /MediaBox [0 0 612 792] /Lang (EN-US) << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." Tech workers are using company mission statements to hold their CEOs accountable. /K 234 0 R >> /S /LI /StructParents 4 Cheungs testimony continues today. >> << /S /LI Mutual Fund and ETF data provided byRefinitiv Lipper. endobj /P 348 0 R endobj Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /P 8 0 R endobj /P 55 0 R /Lang (DE-DE) Nov 16, 2021, 6:17 PM PST. Theranos whistleblower toasted Elizabeth Holmes verdict - New York Post Elizabeth Holmes verdict: researchers share lessons for science - Nature /K 18 << >> /S /LI >> endobj /K [26 383 0 R] 342 0 obj << /P 309 0 R 159 0 R null null null 160 0 R null null null 161 0 R null /Pg 258 0 R The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /K 22 /Pg 257 0 R 13 [null null 178 0 R null null null 179 0 R null null null /Lang (EN-US) >> /Parent 5 0 R Help us make this company more transparent. 248 0 obj /Pg 253 0 R /K 209 0 R 130 0 obj /Lang (EN-US) /K 175 0 R endobj << 31 0 obj /K [28 391 0 R] /Pg 239 0 R Theranos went on to issue private stock in six rounds between 2014 and 2015, starting at 17 cents per share and ending at $17 per share, according to a document explained by Yam, with investors . 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] 18 0 obj << In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. >> 3 0 obj endobj /Lang (EN-US) >> /Pg 237 0 R /P 51 0 R /Pg 251 0 R /P 48 0 R << For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. >> /K 27 << /S /LBody /Pg 253 0 R /Lang (EN-US) /Footnote /Note However, any sentence following conviction would be imposed by the court after consideration of the U.S. >> 236 0 obj /S /LBody 291 0 obj Fear a Culture of Fear. >> The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. >> >> /P 48 0 R 21 0 obj endobj Total losses surpassed $800 million, prosecutors said. /K 10 /Contents [409 0 R 410 0 R 411 0 R] /P 8 0 R Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. 299 0 obj /P 350 0 R >> /P 40 0 R endobj They proposed revoking the companys license to test human specimens. /K 167 0 R >> endobj /Lang (EN-US) /P 8 0 R 384 0 obj 304 0 obj 128 0 obj >> << /S /LI /K 24 >> endobj endobj /Pg 235 0 R /Rotate 0 /Tabs /S << << << /P 51 0 R << /K 174 0 R Using a "nanotainer" (a small device designed to draw, retain, and analyze a .