To create theranos. Doing any lab test from a tiny drop of blood from the finger. From a finger. Oh, my god, this is a rocketship. She was able to put a magic spell on people with her big, blue eyes and deep voice. The whole steve jobs look. The youngest selfmade female billionaire, magazine cover after magazine cover after news article, blog post, speech. The golden girl of Silicon Valley. Part of the new time 100 list. Only problem it didnt work. Did ms. Holmes know theranos could not do all those tests . Yes, she knew. This is a product that didnt work. Not only did they fool the investors all the nanotainers. They fooled patients, doctors. Elizabeth holmes charged with massive fraud. Elizabeth holmes and another former executive await a trial. Holmes pleaded not guilty. I am so incredibly humbled. Enough, Elizabeth Holmes. Listen, this company is a fraud. This is an investigation by the securities and Exchange Commission in the matter of theranos, inc. Elizabeth holmes, grilled by
holmes. good evening. i m ryan yamamoto. and i m sara donchey. former theranos executive sunny balwani has been convicted on 12 counts of fraud. each wire fraud count carries a maximum sentence of 20 years in prison, and the conspiracy count carries a maximum of five years. sentencing is set for late september. prosecutors say theranos execs knew their technology didn t work, but pressed on, trying to set up many labs in walgreen s pharmacies. i spoke with legal analyst stephen clarke to get his reaction to today s verdict. what s your reaction to today s verdict? well, certainly the balwani team is not very happy with this result, particularly when you look at elizabeth holmes case, and she was portrayed as the mastermind of theranos, and yet she was only found guilty of four counts. but mr. balwani, who said i was just following orders and an investor, got convicted of all charges. this was a very bad outcome for the balwani team. and i think when you look at both of
Receiv searching for more than nine hours for this man. The irving district of fremont, near the safeway near washington and fremont boulevard, the suspect shot two officers. And more at the Regional Hospital where the officers were being treated. But we begin with Terry Mcsweeney with more. Reporter its an intense search and more going on behind me as you can see. Dozens of police cars, heavily armed officers and they seem to be focusing where the shootings happened nearly ten hours ago. You look down the street where one of the officers was shot. Battering rams taking down a fence tonight near washington and fremont boulevards. That is near where a traffic stop happened at about 1 30 p. M. Today, saw a man back into a police officer. Gunfire was exchanged between the two of them. During the encounter, the officer went down. Reporter the suspect fled, later, two blocks away, the officer spotted the suspect, a hispanic man, bald, wearing a giants shirt. Later, again they exchanged gufr