•   
  •   

Tech & Science Elizabeth Holmes' attorneys ask judge to throw out Theranos fraud case

02:05  11 february  2020
02:05  11 february  2020 Source:   cnbc.com

Hawke's daughter's claim to be mediated

  Hawke's daughter's claim to be mediated A claim by Bob Hawke's daughter on his estate will go to mediation and his widow will be added as a defendant to the lawsuit, a Sydney judge has ordered. Bob Hawke's daughter's legal claim on the former prime minister's estate has been referred to mediation to be conducted by a former South Australian judge. In an affidavit as part of a $4 million legal claim on Mr Hawke's estate, Rosslyn Dillon alleges she was sexually assaulted by the late Victorian Labor MLC Bill Landeryou in the 1980s.

Holmes and co-defendant Ramesh "Sunny" Balwani are charged with nine counts of wire fraud and Former Theranos CEO Elizabeth Holmes was in court Monday. Inside the courtroom lawyers for Lawyers for Theranos founder Elizabeth Holmes are requesting a federal judge to throw out all 11

In 2003, Elizabeth Holmes founded Theranos , a medical technology company that claimed to have devised a machine that could run hundreds of blood analysis tests in seconds from just a drop of blood.[1] Over the next decade, the company continued to claim that it was working on a device that


Elizabeth Holmes wearing a blue shirt: Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015.© Provided by CNBC Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015.

Lawyers for Theranos founder Elizabeth Holmes are requesting a federal judge to throw out all 11 counts against her and co-defendant Ramesh "Sunny" Balwani, calling the government's indictment "full of ambiguity and fudging language."

Holmes' attorney spelled out three motions to dismiss, arguing federal prosecutors allege "broad" fraud charges and the government cannot prove that people who got inaccurate test results were actually harmed.

"The indictment is full of ambiguity and fudging language, the government is inserting these phrases so they can shift their theory as they go along in the trial," Amy Saharia, an attorney for Holmes, told the judge.

Man burns $1 million rather than giving it to his ex-wife in divorce battle

  Man burns $1 million rather than giving it to his ex-wife in divorce battle A Canadian man has been sentenced to jail after he was found guilty of burning a million dollars in cash in a bid to avoid his ex-wife from getting any money. Bruce McConville, 55, a businessman from Ottawa was sentenced to 30 days jail after telling a judge that he had burned a million Canadian dollars (AU$1.54 million), to avoid having to pay his ex-wife child support in their divorce settlement.

Elizabeth Holmes , who once presided over blood-testing startup Theranos which was valued at Attorneys Stephen Neal, John Dwyer and Jeffrey Lombard filed a motion on September 30 stating Plaintiffs in the class-action civil case accuse Holmes , Theranos and Walgreens, which carried

Holmes , now 35, and Theranos ’s former chief operating officer, Ramesh “Sunny” Balwani, have a pending criminal fraud case against them in a federal court in the heart of Silicon Valley.

"What are the alleged misstatements we should prepare for?"

Federal prosecutors fired back, saying the indictment isn't confusing.

"The defense has been litigating this case for 20 months now.

If they truly didn't understand the nature of the allegations they would have raised this issue earlier," said Assistant U.S. Attorney John Bostick.

Holmes and Balwani are charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud with the now-defunct blood-testing company.

They each face up to 20 years in prison if convicted.

Prosecutors said that they have plenty of evidence to prove Holmes knowingly misled investors, who put $700 million in to Theranos, as well as doctors and patients.

"The most important evidence will be statements made by Holmes and Balwani themselves," Bostick said.

Holmes opens up on lonely, unhappy NFL life

  Holmes opens up on lonely, unhappy NFL life Valentine Holmes has revealed the deciding factors that led to him returning the NRL and letting go of his NFL 'dream'.Speaking to News Corp, Holmes said there was a "mixture of things" which together made him come back to the NRL on a six-year contract with the North Queensland Cowboys, but highlighted loneliness, homesickness and different team culture as big factors.

" Theranos founder Elizabeth Holmes faces jail time for fraud charges. " Theranos founder Elizabeth Holmes to face trial on fraud charges next July". TheHill. " Judge to Let Cooley Bow Out of Representing Elizabeth Holmes in Theranos Civil Case ".

Elizabeth Holmes was a high flyer - until hubris led to wild claims to investors and questionable answers led to investigations. The SEC would launch a BUG investigation in 2016 and charge her with a “massive fraud ” for making false claims while raising 0M Case study #36 with The Biz Doc.

Holmes' defense team requested prosecutors provide them with a list of investors, doctors and patients who may testify as victims of the alleged fraud.

An attorney for Holmes pointed out that Theranos blood-testing devices conducted over 100 blood tests, however prosecutors only identified eight tests in the indictment that allegedly didn't work.

U.S. District Judge Edward Davila asked both sides about the "implicit misrepresentations" the company allegedly made to consumers.

Bostick said that despite its accuracy problems, Theranos boasted that its finger prick tests won approval from the U.S. Food and Drug Administration.

"Evidence will show patients went to Theranos to get results that were accurate. And when doctors sent patients to Theranos this was not for fun, this was not something you do on a Saturday afternoon," Bostick said.

"Theranos partnered with Walgreens. Walgreens is not an entertainment location; it's a place people go for medical care. They were aware they were misleading people by offering those tests."

Holmes ran blood-testing startup Theranos, once valued at over $9 billion, until its collapse in 2018.

After nearly 3 hours, Judge Davila took the defense's request under submission and adjourned.

CNBC spotted Elizabeth Holmes and her attorneys returning to the courthouse at 2pm PT. The hearing, which was closed, was ongoing at 2:30pm PT.

Holmes' trial is set to begin in August.

'Crooks are skimming $2bn from the NDIS': Shorten .
Former Opposition leader Bill Shorten says "crooks” are “skimming” the accounts of vulnerable Australians who are reliant on the National Disability Insurance Scheme, and says there are “inadequate resources” to chase the fraudsters. “The crooks can sort of break the 10-digit NDIS number that you have, and then they can start skimming the accounts of the people who are getting the packages,” Mr Shorten said.“The NDIS simply tops up the money but puts inadequate resources into chacing the fraud.

—   Share news in the SOC. Networks

Topical videos:

usr: 1
This is interesting!