This news has been received from: cvbj.biz

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

March 7, 2021 | 5:00 am

Theranos founder Elizabeth Holmes will finally face legal process after the pandemic forced her trial to be delayed. The businesswoman will have to answer questions about how her company became the most famous fraud case in Silicon Valley.

Theranos, an American technology company focused on the health sector, managed to raise 700 million dollars in investments, which resulted in a valuation of 10 billion dollars in 2014.

In the following years, the company had to face the reality of not being able to keeping their promises, and having misled clients and investors to prevent this from being known.

Different investors and even some patients have filed lawsuits against the company for falsifying studies. The amount of the lawsuits exceeds 400 million dollars. Holmes has been suspended by the SEC, so she cannot be part of a public company in the next decade. The criminal process she faces could put her behind bars for 20 years.

The case has attracted media attention around the world, and some blogs have even posted their ideas for the casting of the “inevitable” Holmes biopic. This attention has caused the businesswoman to face not only legal investigations, but journalistic investigations that seek to discover more information about her life before the lawsuit.

Last month, Holmes had to fight rumors that he destroyed three years of data on the effectiveness of studies conducted by Theranos devices. The founder has accused the government of “flaws in the investigation.”

“The reason the government lacks evidence is because prosecutors stood still for years before trying to acquire it, and then went quiet again after obtaining it. It is entirely their fault, ”Holmes’s lawyers said.

The businesswoman has also struggled to keep details about her fortune, her expenses and her lifestyle out of the evidence at the trial. His attorneys have said they fear that if this information becomes known, it will promote “class prejudice” among the jury.

When you walk in for a Theranos lab test, we treat you as we’d like to be treated. As a guest, not a number.https: //t.co/H4CmlLTWCr

– Theranos (@theranos) December 9, 2015

The case against Elizabeth Holmes and Theranos

In 2003, Elizabeth Holmes, a 19-year-old medical student, applied for a patent for a patch that would continuously monitor the wearer’s blood and deliver the proper dose of medication. The project was not viable, but Holmes was so excited that he decided to leave Stanford and start Theranos, based on the promise of blood tests that would not require needles.

In the first year, the company achieved a million dollar investment from a neighbor of Holmes. In the childhood of the company, it always depended on the fame of its investors. However, Theranos never managed to establish itself with experienced healthcare investors.

The proposition that brought the company fame was the ability to perform multiple blood tests with the prick of a finger, from the comfort of your home. This worked from cartridges that received the blood and fed into the Theranos proprietary machine. The machine would send the results to a laboratory that would be in charge of interpreting them.

The machine eliminated the need for traditional routes to send samples to laboratories and decreased response time. However, the different processes required to carry out the tests made it impossible to concentrate them on the size of machinery that the company intended. In other words, for the machine to be viable, the company would have to make major discoveries in multiple analytical disciplines.

The main problem is that Theranos was led by Holmes, who only had 2 semesters of education in fields related to medicine. In 2006, Theranos announced Edison, the second version of its machine, which never got government approval and was not capable of performing all the studies the company intended.

Following Edison’s announcement, Theranos began conducting studies in cancer patients with Pfizer, even though Holmes knew their product was not ready.

The inertia of the company allowed it to hire important figures who took it more seriously, among them were Avie Tevanian (former vice president of software at Apple), Don Lucas (mentor of the founder of Oracle), Henry Kissinger, George Shultz (former director of the office budget) and Jim Mattis (future US defense secretary).

In 2010, Walgreens and Safeway were interested in introducing Edison to all of their branches. Theranos presented a list of 192 tests that could be performed, of which only half were theoretically possible. These partnerships would end up bringing Theranos more than $ 105 million in investments and loans.

During the process, Safeway invested more than $ 350 million to retrofit its branches to the new machines. Theranos prolonged the shipment of the machinery and even began testing existing technology without informing Safeway.

In October 2015, John Carreyrou, a reporter for the Wall Street Journal, went public that Theranos was using traditional machines made by other companies, and not Edison, to conduct the studies. The report attracted former employees and anonymous sources who helped continue the investigation.

At the end of the same year, the US Food and Drug Administration conducted a surprise inspection of Theranos, in which it found that Edison was only capable of performing 12 of the 250 tests the company advertised and the results were unreliable.

News Source: cvbj.biz

Tags: the businesswoman the investigation the businesswoman elizabeth holmes million dollars in investments the company the government finally face the results the founder the machine the studies the founder blood tests the machine

Chelsea prove Prem title credentials by outplaying champs in waiting Man City

Next News:

A Look Back At Key Moments In The Derek Chauvin Trial

(AP) — The three weeks of testimony at a former Minneapolis police officer’s trial in the death of George Floyd were filled with indelible moments, ranging from witnesses breaking down as they relived what they saw to a clinical account by one expert pinpointing on video the instant he believes Floyd died.

Derek Chauvin, 45, is on trial for murder and manslaughter after pinning Floyd to the pavement last May for what prosecutors said was 9 1/2 minutes. The case will head to the jury Monday after closing arguments.

READ MORE: Vandals Smear Chauvin Defense Witness’ Former California Home With Pig’s Blood (CBS SF Bay Area)

Here’s a look back at some of the most compelling moments of the trial:

‘DISBELIEF AND GUILT’

Jurors heard testimony from several witnesses to Floyd’s arrest, and many of them grew emotional as they recalled their frustration and desperation at not being able to help Floyd.

Darnella Frazier, the teenager who shot the harrowing video of the arrest that set off nationwide protests, testified through tears that Chauvin ignored bystanders’ shouts as Floyd gasped for air, pleaded for his life and finally fell limp and silent.

“It’s been nights I stayed up, apologizing and apologizing to George Floyd for not doing more, and not physically interacting and not saving his life,” Frazier, 18, said, adding of Chauvin: “But it’s like, it’s not what I should’ve done, it’s what he should’ve done.”

Christopher Martin, the convenience store cashier who sold cigarettes to Floyd and was handed a suspected counterfeit $20 bill, said he felt “disbelief and guilt” as he stood on the curb a short time later, his hands on his head as he watched Floyd’s arrest.

“If I would’ve just not tooken the bill, this could’ve been avoided,” the 19-year-old said.

And Charles McMillian, 61 — who tried to persuade a panicky Floyd to cooperate with officers trying to put him in their squad car, shouting “You can’t win!” — wept openly after watching police body camera video of the struggle.

“I feel helpless,” he said.

‘MAMA’

As part of prosecutors’ effort to humanize Floyd for jurors, Floyd’s girlfriend Courteney Ross recounted how they met at a Salvation Army shelter where he was a security guard with “this great, deep Southern voice,” and how they both struggled with an addiction to opioids.

Chauvin attorney Eric Nelson drove hard at Floyd’s drug use while cross-examining Ross, then slipped in a seemingly unrelated question: What name, he asked, came up on Floyd’s phone when she called him?

“Mama,” Ross answered.

With that, Nelson called into question the widely reported account of Floyd crying out for his late mother as he lay pinned to the pavement — likely part of a wider strategy to sow doubt where he could.

‘LIFE GOES OUT’

Dr. Martin Tobin, a lung and critical care specialist, was one of the most compelling of many medical experts called by the prosecution. He discussed the mechanics of breathing in simple terms, including loosening his tie, placing his hands on his own neck and encouraging jurors to do the same as he explained why he believes Floyd died of a lack of oxygen that damaged his brain and stopped his heart.

Tobin also narrated video of Floyd held to the pavement and pinpointed what he said was a change in Floyd’s face and a telltale leg kick that told him Floyd was dead — around 5 minutes after police began holding him down.

“You can see his eyes. He’s conscious, and then you see that he isn’t,” Tobin said. “That’s the moment the life goes out of his body.”

‘MRS. LINCOLN’

Prosecutors were mostly clinical in examining witnesses. One exception came after Nelson — trying to raise doubt about Floyd’s cause of death — posed a series of hypothetical questions to a retired forensic pathologist testifying for the prosecution.

“Let’s assume you found Mr. Floyd dead in his residence. No police involvement, no drugs, right? The only thing you found would be these facts about his heart. What would you conclude to be the cause of death?” Nelson asked Dr. Lindsey Thomas, noting Floyd’s enlarged heart, high blood pressure and blocked arteries.

Thomas conceded in such a “very narrow set of circumstances,” she probably would rule heart disease as the cause. She also agreed that she would certify Floyd’s death as a drug overdose if there were no other explanations. Fentanyl and methamphetamine were found in his system.

Prosecutor Jerry Blackwell was sarcastic in his response.

“Aren’t those questions a lot like asking, ‘Mrs. Lincoln, if we take John Wilkes Booth out of this …’” Blackwell began, before Nelson objected.

READ MORE: Defenses Medical Expert In Derek Chauvin Trial Faces Maryland Lawsuit

‘RESTING COMFORTABLY’

Prosecutors also pounced when a use-of-force expert called by the defense, former California police officer Barry Brodd, said police were justified in keeping Floyd pinned because he kept struggling instead of “resting comfortably.”

That sparked a lectern-pounding response from prosecutor Steve Schleicher: “Did you say ‘resting comfortably’?” he asked incredulously.

“Or laying comfortably,” replied Brodd, whose testimony contradicted that of authorities from inside and outside the Minneapolis Police Department who said Chauvin violated his training.

“Resting comfortably on the pavement?” Schleicher asked again.

Brodd: “Yes.”

CAUSE OF DEATH

The chief medical examiner who ruled Floyd’s death a homicide was called to the stand by prosecutors only to disagree with their carefully built case that Floyd died of asphyxia when his airway was blocked by Chauvin’s knee.

Instead, Hennepin County Medical Examiner Dr. Andrew Baker said Floyd’s heart gave out because of the pressure on his neck. He said Floyd’s heart problems combined with the way police held him down and compressed his neck, “was just more than Mr. Floyd could take.”

Though Baker did not rule asphyxiation as a cause of Floyd’s death, at one point he testified that he isn’t an expert on breathing and would defer certain questions to those who are.

WHAT DID FLOYD SAY ON THE CLIP?

Nelson played a short video clip of a chaotic and noisy scene as Floyd, handcuffed and lying on his stomach, yelled and moaned in distress, then asked a prosecution witness: “Does it sound like he says, ‘I ate too many drugs?’”

That witness said he couldn’t make out the hard-to-hear clip, but Nelson soon asked another witness — Senior Special Agent James Reyerson of the Minnesota Bureau of Criminal Apprehension — and Reyerson agreed that was what Floyd appeared to say.

It was a bad moment for the prosecution, and it took some time before they regrouped — leaving Nelson’s version to linger in jurors’ minds. Later in the day, they replayed a longer clip from the same video and Reyerson reconsidered his assessment, saying: “I believe Mr. Floyd was saying, ‘I ain’t do no drugs.”

WHAT WAS SEEN IN FLOYD’S MOUTH

Later in the trial, Nelson questioned a defense witness about whether Floyd might have taken drugs as officers approached.

After showing former Maryland chief medical examiner Dr. David Fowler an image taken from a police body camera, Nelson asked: “In your review did you determine whether there was the possibility that controlled substances were ingested at the time of approach” by officers?

“Yes,” Fowler replied, saying that “in the back corner of Mr. Floyd’s mouth, you can see what appears to be a white object.”

Nelson zoomed in on the image and had Fowler use a stylus to point out the dot for jurors.

Evidence already presented at trial had revealed that remnants of a pill found in the back of the squad car contained Floyd’s DNA and tested positive for fentanyl and methamphetamine.

On cross-examination, Blackwell all but accused Fowler of jumping to conclusions and trying to confuse the jury, playing video of Floyd from inside Cup Foods that appeared to show him chewing something white.

“He could have been chewing, I don’t know,” Fowler responded.

“Let’s play it again because I would like for you to know,” Blackwell said.

After viewing enlarged still images of Floyd in the store, Fowler conceded that the substance in Floyd’s mouth looked “very similar” to the white object he identified in Nelson’s image.

But, Fowler pointed out, he’d been careful to use the word “object” in earlier testimony, not “pill.”

MORE NEWS: What Happens If Derek Chauvin Is Convicted, Or If Hes Acquitted?

(© Copyright 2021 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Other News

  • Jury deliberations in Derek Chauvin murder trial to begin on Monday
  • When Was Rosemary Engaged to Jack on When Calls the Heart?
  • Beverly Hills police preparing for potential protests following verdict in Derek Chauvin trial
  • Minneapolis, other US cities increase security ahead of Derek Chauvin trial verdict
  • Leicester and Southampton fans enjoy Wembley day out as football finally welcomes back spectators for FA Cup semi-final
  • Eamonn Holmes and Ruth Langsford boost earnings by over £1million as business’s flourish
  • Who is Peloton founder and CEO John Foley and what’s his net worth?
  • Queen Elizabeth seen wiping tears away after Prince Philip funeral
  • The post-pandemic spending spree has begun. Here are 6 things Americans are buying
  • Opinion: Have the Celtics finally put their early-season struggles behind them?
  • Cowardly CEOs woke political activism is a PR gimmick
  • Biden finally calls migrant surge a crisis as he explains refugee cap cave
  • Queen Elizabeth captured dabbing her eye at Philips funeral
  • Biden finally calls migrant surge at border a crisis as he explains his cave on refugee cap
  • Queen Elizabeth captured dabbing her eye after Philips funeral
  • ELIZABETH DAY: The heartbreaking sight of the Queen on her own in the chapel, head bowed so that all we saw of her was blackness, will stay with us for years
  • Amazon has reportedly canceled its Lord of the Rings MMO game
  • Georgia football: Dawgs finally get some good news on health of receiver
  • Taser CEO says police can replace guns with nonlethal weapons by 2030