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Excellent history of Theranos.

“By going to a Pharmacy A store in Palo Alto, California,
the first location to offer Theranos testing, consumers could “complete any clinician-directed lab
tests with as little as a few drops of blood and results available in a matter of hours.”

Both Holmes and Balwani have pled not guilty to the criminal charges filed against them. The criminal fraud charges allege the two engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranos’ blood testing laboratory services, despite the fact that Holmes and Balwani knew the company’s proprietary device was “not capable of consistently producing accurate and reliable results for certain blood tests,” the government said. (https://www.biospace.com/article/as-a-child-elizabeth-holmes-was-guarded-and-private-school-friend-tells-abc/)

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