Kevin Downey
Who is Elizabeth Holmes and what is she accused of?
Nov 18, 2021 · A bid by a lawyer for Elizabeth Holmes to discredit a doctor testifying about inaccurate blood test results backfired Thursday during the felony-fraud trial for the Theranos founder. Defense ...
What is Elizabeth Holmes accused of doing?
Sep 08, 2021 · defense attorney lance wade painted holmes to the jury as a hard worker who created a genuinely “innovative” company, stressing that theranos earned 176 patents valued at hundreds of millions of...
What charges is Elizabeth Holmes facing?
Jan 04, 2022 · Although Kevin Downey is a prominent lawyer, recently, he is gaining more fame from the Elizabeth Holmes fraud case. Once a queen of Silicon valley, former CEO of Theranos, Elizabeth Holmes, lost her case, as she is found guilty for four out of 11 federal fraud cases. And Kevin Downey was her attorney for the defense.
How much prison time could Elizabeth Holmes face?
Sep 08, 2021 · Defense attorney Lance Wade said that when Holmes said goodbye to her Palo Alto startup in September 2018, she lost her college savings and billions in stocks. “If Ms. Holmes intended to defraud...
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Aug 30, 2021 · Holmes, the daughter of former Enron Corp. executive Christian Holmes IV and his wife, Noel, a former congressional aide, faces nearly a dozen counts of wire fraud and conspiracy to commit wire fraud. She is now represented by lawyers from Williams & Connolly.
Who is Theranos lawyer?
David BoiesDavid Boies, a prominent litigator, represented Theranos as its lawyer and served on its board. He tried to shut down whistle-blowers and reporters who questioned the company's business practices.Nov 23, 2021
How much is Elizabeth Holmes currently worth?
After the fall of Theranos, Elizabeth Holmes' net worth went from a reported $4.5 billion to $0 as of 2022, according to Forbes. The former company's founder and CEO was also charged with fraud by the U.S. Securities and Exchange Commission (SEC), alongside former company president Ramesh “Sunny” Balwani in 2018.Mar 3, 2022
Is Elizabeth Holmes still married?
Theranos founder Elizabeth Holmes' fraud trial just ended in late 2021. Recently, info has surfaced revealing Holmes' relationship status: She's now married to hospitality heir William "Billy" Evans, 27. The couple currently live in San Francisco and just welcomed their first child together over the summer.Feb 23, 2022
Does Elizabeth Holmes still have money?
Although The Dropout depicted Elizabeth Holmes as once having a $4.5 billion net worth, that money is long gone. According to Celebrity Net Worth, Holmes' current net worth is $0 in 2022. However, she's residing at one of America's most expensive estates in Silicon Valley with her husband and son.Mar 3, 2022
Is Elizabeth Holmes still wealthy?
Holmes' net worth may be currently valued at zero, but she certainly doesn't seem to be living a humble life. She has been staying with Evans, who comes from a wealthy family that founded the Evans Hotel Group, a hotel chain in Southern California.Mar 11, 2022
Where is Elizabeth Holmes now Theranos?
Elizabeth Holmes is currently residing in a nine-bedroom $135M California estate with her husband, William 'Billy' Evans, their baby son and two dogs. She is thought to have been holed up in the Green Gables Estate in Woodside since at least last March.Mar 22, 2022
Why did Elizabeth Holmes change her voice?
Former employees claimed that Holmes would occasionally slip into a more natural-sounding, higher voice, especially when she was drunk. Holmes has never addressed these claims, but her family told TMZ that Holmes has a naturally deep voice that sometimes gets higher “when she gets excited or passionate.”Mar 7, 2022
Who is Elizabeth Holmes' father?
Elizabeth Holmes was born February 3, 1984 in Washington, D.C. Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Later he held executive positions in government agencies such as USAID, the EPA, and USTDA.
How much did Holmes raise for Theranos?
By December 2004, Holmes had raised $6 million to fund the firm. By the end of 2010, Theranos had more than $92 million in venture capital. In July 2011, Holmes was introduced to former secretary of state George Shultz. After a two-hour meeting, he joined the Theranos board of directors. Holmes was recognized for forming "the most illustrious board in U.S. corporate history" over the next three years.
When did the inventor out for blood in Silicon Valley come out?
There is also an interview with Jeff Coopersmith, the attorney representing Balwani. On March 18, 2019, HBO premiered the documentary The Inventor: Out for Blood in Silicon Valley, a two-hour documentary film first shown at the Sundance Film Festival on January 24, 2019.
Who is the youngest female billionaire?
Media attention increased in 2014, when Holmes appeared on the covers of Fortune, Forbes, T: The New York Times Style Magazine, and Inc. Forbes recognized Holmes as the world's youngest self-made female billionaire and ranked her #110 on the Forbes 400 in 2014.
How much is Theranos worth?
Theranos was valued at $9 billion and had raised more than $400 million in venture capital. By the end of 2014, her name appeared on 18 U.S. patents and 66 foreign patents. During 2015, Holmes established agreements with Cleveland Clinic, Capital BlueCross, and AmeriHealth Caritas to use Theranos technology.
Who was the whistleblower who investigated Theranos?
John Carreyrou of The Wall Street Journal initiated a secret, months-long investigation of Theranos after he received a tip from a medical expert who thought the Edison blood testing device seemed suspicious. Carreyrou spoke to ex-employee whistleblowers and obtained company documents. When Holmes learned of the investigation, she initiated a campaign through her lawyer David Boies to stop Carreyrou from publishing, which included legal and financial threats against both the Journal and the whistleblowers.
Who were the investors in Theranos?
Theranos's pool of major investors expanded to include Rupert Murdoch, the Walton family, the DeVos family including Betsy DeVos, the Cox family of Cox Enterprises and Carlos Slim HelĂş. Each of these investors lost tens to hundreds of millions of dollars when Theranos folded.
Overview
Theranos
In 2003, Holmes founded the company Real-Time Cures in Palo Alto, California, to "democratize healthcare". Holmes described her fear of needles as a motivation and sought to perform blood tests using only small amounts of blood. When Holmes pitched the idea to reap "vast amounts of data from a few droplets of blood derived from the tip of a finger" to her medicine professor Phyllis Gardnerat Stanford, Gardner responded, "I don't think your idea is going to work", explaining it wa…
Early life
Elizabeth Holmes was born February 3, 1984, in Washington, D.C. Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Her mother, Noel Anne (née Daoust), worked as a Congressional committee staffer. Christian later held executive positions in government agencies such as USAID, the EPA, and USTDA. Christian Holmes is of Danishancestry. His second great-grandfather (Elizab…
Promotional activities
Holmes partnered with Carlos Slim HelĂş in June 2015 to improve blood testing in Mexico. In October 2015, she announced #IronSisters to help women in science, technology, engineering, and mathematics careers. In 2015, she helped to draft and pass a law in Arizona to let people obtain and pay for lab tests without requiring insurance or healthcare provider approval, while misrepresenting the accuracy and effectiveness of the Theranos device.
Connections
Theranos's board and investors included many influential figures. Holmes's first major investor was Tim Draper – Silicon Valley venture capitalist and father of Holmes's childhood friend Jesse Draper – who "cut Holmes a check" for $1 million upon hearing her initial pitch for the firm that would become Theranos. Theranos's pool of major investors expanded to include Rupert Murdoch, the Walton family, the DeVos family including Betsy DeVos, the Cox family of Cox Enterprises and Carlos …
Recognition
Before the collapse of Theranos, Holmes received widespread acclaim. In 2015, she was appointed a member of the Harvard Medical School Board of Fellows and was named one of Time magazine's "Time 100 most influential people". Holmes received the Under 30 Doers Award from Forbes and was ranked number 73 in its 2015 list of "the world's most powerful women". She was also named Woman of the Year by Glamourand received an Honorary Doctor of Humane Letters …
Personal life
Holmes was romantically involved with technology entrepreneur Ramesh "Sunny" Balwani, a Pakistani-born Hindu who immigrated to India and then the US. She met him in 2002 during a trip to Beijing as part of Stanford University's Mandarinprogram. Holmes was 18 at the time, and had just graduated from high school; Balwani was 19 years older than she was and was married to another woman …
In the media and influences
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