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for theranos. abc 7 news. >>> holmes dropped out of stanford and started their knows o theranos in 2003. in holmes, she was featured in several nags publtional publicl. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall street journal" investigation questioned the accuracy of the testing devices. by early 2016, theranos was laying off employees, holmes was banned from the labs and the company had its license revoked. the "wall street journal" story was the work of one reporter who had spent three years looking into the company. we spoke to him about his investigation. cornell barnard has some of the insight into what was really going on at theranos. >> she refused to stop overpromising to investors. >> reporter: this prize winning reporter isn't surprised the
for theranos. abc 7 news. >>> holmes dropped out of stanford and started their knows o theranos in 2003. in holmes, she was featured in several nags publtional publicl. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall street...
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for theranos. amanda del castillo, abc 7 news. >>> holmes dropped out of stanford and started theranos in 2003. in 2014 holmes, she was featured in several national publications. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall street journal" investigation questioned the accuracy of the testing devices. by early 2016, theranos was laying off employees, holmes was banned from the labs and the company had its license revoked. the "wall street journal" story was the work of one reporter who had spent three years looking into the company. we spoke to him about his investigation. cornell barnard has some of the insight into what was really going on at theranos. >> she refused to stop overpromising to investors. >> reporter: this prize winning reporter isn't sur
for theranos. amanda del castillo, abc 7 news. >>> holmes dropped out of stanford and started theranos in 2003. in 2014 holmes, she was featured in several national publications. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall...
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for theranos. abc 7 news. >>> holmes dropped out of stanford and started theranos in 2003. in holmes, she was featured in several national publications. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall street journal" investigation questioned the accuracy of the testing devices. by early 2016, theranos was laying off employees, holmes was banned from the labs and the company had its license revoked. the "wall street journal" story was the work of one reporter who had spent three years looking into the company. we spoke to him about his investigation. cornell barnard has some of the insight into what was really going on at theranos. >> she refused to stop overpromising to investors. >> reporter: this prize winning reporter isn't surprised theranos founder el
for theranos. abc 7 news. >>> holmes dropped out of stanford and started theranos in 2003. in holmes, she was featured in several national publications. its value soared to $9 billion that year. holmes was one of the main speakers at a ted talk in san francisco back in 2014. >> the right to protect the health and well-being of every person of those we love is a basic human right. >> but things started to unravel in october of 2015 when a "wall street journal"...
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now, holmes dropped out of stanford and started theranos in 2013.eatured in national publications and one called her the next steve jobs. >> as investors flocked to theranos, her company was valued at $9 million. >> right to protect the health and well-being of every person of those we love, is a basic human right. >> thing hads started to unravel in october of 2015 when a "wall street journal" article questioned the accuracy of the testing. >> the "wall street journal" story was the work of one reporter who had spent three years look hg in to the company. we -- looking in to the company. we are joined with the insight in what was going on in theranos. >> it's quite a story that the reporter said, many tried to stop the story from going public. the scandal put patient's lives in danger. >> she refused to stop over promising to investors. >> he is not surprised theranos founder now facing federal fraud charges. >> it's a fraud that defrauded investors of nearly billion dollars, and put patients in harm's way. >> the book about, bad blood, secrets and
now, holmes dropped out of stanford and started theranos in 2013.eatured in national publications and one called her the next steve jobs. >> as investors flocked to theranos, her company was valued at $9 million. >> right to protect the health and well-being of every person of those we love, is a basic human right. >> thing hads started to unravel in october of 2015 when a "wall street journal" article questioned the accuracy of the testing. >> the "wall...
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Jun 9, 2018
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it was very clear theranos was litigious.d over a patent and it was clear she would sue anyone who spoke up. emily: could she go to deliver this? what should the penalty be? john: the ftc charged her with brought a couple of months ago, called fairness a massive fraud, and she had to pay a half-million dollar penalty, or from being officer in a public company for years. a lot of people think the punishment was too light, that it wasn't commiserate with what was in. emily: a million tests with false results. john: right, and it could be worse than that your were talking about almost a billion dollars in investor money that went poof. to those people who feel the ftc punishment was not enough, there is a second, criminal investigation spearheaded by the u.s. attorney's office in san francisco. that investigation has been going on for two and a half years, and i am told it could result in criminal indictments. emily: john carreyrou, excellent reporting, author of "bad blood," thank you for joining us. coming up, stepping down fr
it was very clear theranos was litigious.d over a patent and it was clear she would sue anyone who spoke up. emily: could she go to deliver this? what should the penalty be? john: the ftc charged her with brought a couple of months ago, called fairness a massive fraud, and she had to pay a half-million dollar penalty, or from being officer in a public company for years. a lot of people think the punishment was too light, that it wasn't commiserate with what was in. emily: a million tests with...
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abc news has covered claims against theranos in the past. this man says he became skeptical during a routine test at walg dreens when i understand of a test they took out a test tube. >> you can't lie. >> he claims that test inaccurately showed he had pree diabetes. holmes did not compensate on the charges as she walked out this afternoon but balwani's attorney says his client is innocent. >> mr. balwani invested millions of dollars his in own money. he believed the company and the technology. he believed in the over 100 mpds and m.d.s workeding there. >> if convicted they could each face up to 20 years in prison. they'll return to court on august 15th. holmes and balwani are now out on $500,000 each. as part of the release conditions they were forced to turn in passports. live in san jose, chris wynn, abc 7 news. >> chris, thanks. now holmes founded theranos in twoe over the next ten years it grew becoming one of the hottest tech companies in the country in 2014. >> that year elizabeth holmes was one of the featured features at a ted talk i
abc news has covered claims against theranos in the past. this man says he became skeptical during a routine test at walg dreens when i understand of a test they took out a test tube. >> you can't lie. >> he claims that test inaccurately showed he had pree diabetes. holmes did not compensate on the charges as she walked out this afternoon but balwani's attorney says his client is innocent. >> mr. balwani invested millions of dollars his in own money. he believed the company...
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theranos founder elizabeth holmes was once considered a rising star. but friday afternoon her fall interest from grace continued as she appeared in district court to face charges of wire fraud alongside former company president. holmes founded theranos in 2003 pitching the company's technology as a cheaper more efficient way of doing blood tests. this meeting shows her meeting with joe biden we he visited the companies newark lab in 2015. however federal prosecutors say holmes and balwani engaged in a multimillion dollar scheme to defraud investors and a separate scheme to defraud doctors and patients. alleging the two of themlied about the accuracy and rile ability of products. in a statement u.s. attorney for the northern district of california said investors large and small from around the world are attracted to silicon valley by its track record, talent and promise. they are also attracted by the fact that behind the innovation and entrepreneurship are rules of law that require honesty, fair play and transparency. both holmes and balwani whose atto
theranos founder elizabeth holmes was once considered a rising star. but friday afternoon her fall interest from grace continued as she appeared in district court to face charges of wire fraud alongside former company president. holmes founded theranos in 2003 pitching the company's technology as a cheaper more efficient way of doing blood tests. this meeting shows her meeting with joe biden we he visited the companies newark lab in 2015. however federal prosecutors say holmes and balwani...
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a little blue and temperatures in the 50s. >>> up next, the latest on theranos.lege professor who first told elizabeth holmes her start upidea was not going to work. >>> plus pair of early morning ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. and it works 24/7. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have symptoms of a serious allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a su
a little blue and temperatures in the 50s. >>> up next, the latest on theranos.lege professor who first told elizabeth holmes her start upidea was not going to work. >>> plus pair of early morning ♪ ♪ i can do more to lower my a1c. because my body can still make its own insulin. and i take trulicity once a week to activate my body to release it, like it's supposed to. trulicity is not insulin. it comes in a once-weekly, truly easy-to-use pen. and it works 24/7. trulicity...
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emily: what is theranos at this point?he headlines about elizabeth holmes stepping down, so what is the company today? what was she the ceo of? >> you know, i think they have a lot of legal work to do, so the company exists to help with her that. i am sure that they have all sorts of pending lawsuits from people who received these blood tests, and who want to pursue legal action further against the company. emily: ok. olivia zaleski, i know you will keep us posted. still ahead, the president's space aspirations take off, calling for robotic explorers on the moon as soon as next year. that story is next. this is bloomberg. ♪ emily: president trump wants to create a u.s. space force. he announced the new military branch at a national space council at the white house on monday. >> i am hereby directing the department of defense and the pentagon to immediately begin the process necessary to establish a space for us as -- force as the sixth branch of the armed forces. emily: the president says it would be separate from the air
emily: what is theranos at this point?he headlines about elizabeth holmes stepping down, so what is the company today? what was she the ceo of? >> you know, i think they have a lot of legal work to do, so the company exists to help with her that. i am sure that they have all sorts of pending lawsuits from people who received these blood tests, and who want to pursue legal action further against the company. emily: ok. olivia zaleski, i know you will keep us posted. still ahead, the...
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after that reporter john's look into the rise and fall of biotech start-up of theranos in bad blood. in fourth is robert green's the 48 laws of power and after that, arizona senator john mccain's reflection on his political career, the restless wave. our look at some of the best-selling audio books according to audible continues with west cork about unsolved murder in ireland. then malcolm examines unique traits of high acheefers in outliers followed by new yorker staff writer killers of the flower moon, targeted members of the indian nation. war on peace. wrapping up at look at some of the audio books from audibles nonfiction, reflection of childhood, hill billy ideology. >> you know, i -- staying on the strip club, for example, i immediately confessed, a woman came to our table and i said, i'm a journalist. i'm just asking some questions, do you mind, she was super helpful and she's like, yeah, all these companies are here all of the time and come groups of mostly guy, sometimes a woman tagging along for whatever reason and, you know, they talk about work. they'll be their boss aft
after that reporter john's look into the rise and fall of biotech start-up of theranos in bad blood. in fourth is robert green's the 48 laws of power and after that, arizona senator john mccain's reflection on his political career, the restless wave. our look at some of the best-selling audio books according to audible continues with west cork about unsolved murder in ireland. then malcolm examines unique traits of high acheefers in outliers followed by new yorker staff writer killers of the...
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. >>> federal prosecutors have indicted the founder of theranos on criminal fraud charges. elizabeth holmes is accused of defrauding investors, doctors and patients as the head of the blood testing startup. the company's ceo was also charged. holmes was once hailed as silicon valley's youngest female billionaire, but investigation showed her company's blood tests were deeply flawed. stigators in santa clara earlier this year the sec filed fraud charges against theranos. >>> investigators in santa clara county believe cattle paid the price for a dispute over ranch land. nearly a dozen cattle have been found dead near henry coe state park. kpix5's devin fehely shows us the killer tried to bury the evidence. >> reporter: the sheriff's office said the cattle were discovered in a shallow grave on this morgan hill ranch and may have gone undetected there for several weeks on what is now an ever expanding crime scene. >> yesterday when we originally talked to you, we had found nine dead live stock and the number is 11 now. >> reporter: investigators say the cattle's death may be t
. >>> federal prosecutors have indicted the founder of theranos on criminal fraud charges. elizabeth holmes is accused of defrauding investors, doctors and patients as the head of the blood testing startup. the company's ceo was also charged. holmes was once hailed as silicon valley's youngest female billionaire, but investigation showed her company's blood tests were deeply flawed. stigators in santa clara earlier this year the sec filed fraud charges against theranos. >>>...
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of theranos, the blood- testing company she founded as a teenager.mes stepped down after she and another former executive were hit with federal wire fraud charges. they're accused of misleading doctors and patients about the company's blood-testing technology and defrauding investors. theranos, once valued at $9 billion, recently laid off nst of its workers. coming up next on the "cbs ngening news," a name-brand breakfast cereal tainted with salmonella. how did that happen? >> glor: a coast-to-coast salmonella outbreak has been linked to a breakfast cereal, and kellogg's is now recalling packages of honey smacks. 73 people in 31 states have gotten sick. 24 have been treated in hospitals. dr. jon lapook has more on this. >> reporter: supermarket workers were busy today, clearing the shelves of potentially contaminated cereal. kellogg's is recalling two sizes of honey smacks cereal boxes with best used by date of june 14, 2018 through june 14, 2019. the c.d.c. says consumers should errow out all recalled cereal, open or unopened, or return it to a stor
of theranos, the blood- testing company she founded as a teenager.mes stepped down after she and another former executive were hit with federal wire fraud charges. they're accused of misleading doctors and patients about the company's blood-testing technology and defrauding investors. theranos, once valued at $9 billion, recently laid off nst of its workers. coming up next on the "cbs ngening news," a name-brand breakfast cereal tainted with salmonella. how did that happen? >>...
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. >> newark based theranos has laid off most employees since the problems began to surface about three years ago. >>> right now, paul manafort, president trump's former campaign chairman, is in jail. he's been charged with witness tampering and violating the terms of his house arrest. a federal judge revoked manafort's bail after federal prosecutors said he called and sent text messages to witnesses in his upcoming trial. he will now remain in jail at least until his trial concludes. president trump down played manafort's role in the campaign but also defended him. >> they went back 12 years to get things he did 12 years ago. you know, paul manafort worked for more for a very short period of time, he worked what, 49 days. >> manafort was campaign chairman for five months. his legal fight relates to alleged money laundering, not his campaign. >>> -- over a six week period in april and may. its if result of the trump administration's zero tolerance policy for adults who cross into the u.s. illegally. yesterday, the president said it's not his fault. >> i hate the children being taken awa
. >> newark based theranos has laid off most employees since the problems began to surface about three years ago. >>> right now, paul manafort, president trump's former campaign chairman, is in jail. he's been charged with witness tampering and violating the terms of his house arrest. a federal judge revoked manafort's bail after federal prosecutors said he called and sent text messages to witnesses in his upcoming trial. he will now remain in jail at least until his trial...
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. >>> cannot sue theranos.d against a group last week saying indirect investors couldn't prove they were deliberately misled by the company. more than 200 people invested in funds that bought shares in theranos between 2013 and 2016. they claim the startup lied to investors about its capabilities. the group's lawyer says he might appeal that ruling. >>> listen to this. a room in a luxury building in san francisco for under $1200? it sounds unreal, right? the startup says it has come up with affordable solution to housing crisis called home share. it leases apartments in trendy new buildings and then divides them into additional units by installing room dividers. for example, the living room becomes your bedroom and so does the den. one bedroom into two, two bedroom into three or four. everyone splits the rent lowering cost of liching. home share has units available in san francisco and silicon valley. >> it's like you're a college freshman forever. >> apple getting ready for day two. >> they unveiled software u
. >>> cannot sue theranos.d against a group last week saying indirect investors couldn't prove they were deliberately misled by the company. more than 200 people invested in funds that bought shares in theranos between 2013 and 2016. they claim the startup lied to investors about its capabilities. the group's lawyer says he might appeal that ruling. >>> listen to this. a room in a luxury building in san francisco for under $1200? it sounds unreal, right? the startup says it...
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theranos will have a new ceo and it will not be miss holmes >> we have a new report with josh lipton he wshe was there for fiver r with nafta what exactly the company has planned in the self driving space, we are not so sure. tim cook does not tip his hands with some of his big tech peers. also, interesting to note that other hires a few months ago, apple announced they hired google's top a.i. chief. kelly, back to you >> all right, josh, thank you, we'll see what they plan with that >> just under $4 billion a deal. so what has changed? am i saying it correctly yet kourtney reagan has more she's outside of whole foods at manhattan. >> reporter: hey, kelly, you got it amazon owns whole foods and lido is coming. everybody thought it is going to change the grocery chain it is taking amazon a while to make no changes. they did not have lower prices across the store it was just last month they started to offer prime members o f a 10% discount on hundreds of items. half of whole foods stores offer that and prime members are only available right now in 14 cities >> there seems to be some bu
theranos will have a new ceo and it will not be miss holmes >> we have a new report with josh lipton he wshe was there for fiver r with nafta what exactly the company has planned in the self driving space, we are not so sure. tim cook does not tip his hands with some of his big tech peers. also, interesting to note that other hires a few months ago, apple announced they hired google's top a.i. chief. kelly, back to you >> all right, josh, thank you, we'll see what they plan with...
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. >>> the founder and ceo of the blood testing startup theranos was indicted today on criminal fraud charges. elizabeth holmes and her chief operating officer face charges of wire fraud and conspiracy to commit, after coming to develop a cheaper more convenient blood test using it fingerprint. he defrauded investors and patients with false claims about the labs abilities. according to this indictment the defendant delivered to doctors and patients blood results that were inaccurate, the defendant delivered to doctors and patients blood test results from which critical results were improperly rl removed. >>> san jose said it has a plan now to significantly improve broadband coverage. the deal involves commitments from three large telecom companies who will put their technology on city light poles. the deal also requires those companies to commit funds for the public good.>> reporter: talk about information overload. with experts projecting there will be 4 billion cell phone tablets and other devices in people's hands in the next five years, infrastructure cannot keep up. that, accordi
. >>> the founder and ceo of the blood testing startup theranos was indicted today on criminal fraud charges. elizabeth holmes and her chief operating officer face charges of wire fraud and conspiracy to commit, after coming to develop a cheaper more convenient blood test using it fingerprint. he defrauded investors and patients with false claims about the labs abilities. according to this indictment the defendant delivered to doctors and patients blood results that were inaccurate,...
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. >> reporter: theranos began as a startup of mythical proportions and goals in 2003. brainchild of stanford dropout elizabeth holmes . today, the company and holmes have gone from silicon valley uniform to allegory as holmes was indicted on federal wire fraud charges today. >> it is a ghastly tale. i think most people are astonished by this. you did not think this would happen in the silicon valley in the year 2018 after all that we have been through. >> reporter: homes -- holmes and ramesh balwani were charged with defrauding investors hundreds of millions of dollars as well as misleading doctors and patients. holmes's -- holmes promised to shake up the medical imaging with a device that could screen for dozens of diseases with a drop of blood. we posed the question tonight, to russell hancock of joint venture silicon valley, whether this was a piece of a larger puzzle, a potential silicon valley startup snake oil. >> the hope is that this is an exceptional case and there is not a contingent across silicon valley. my sense is that this is limited. venture capitals ar
. >> reporter: theranos began as a startup of mythical proportions and goals in 2003. brainchild of stanford dropout elizabeth holmes . today, the company and holmes have gone from silicon valley uniform to allegory as holmes was indicted on federal wire fraud charges today. >> it is a ghastly tale. i think most people are astonished by this. you did not think this would happen in the silicon valley in the year 2018 after all that we have been through. >> reporter: homes --...
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. ♪ ♪ >>> late today, theranos founder elizabeth holmes was charged with wire fraud and the company announced was also stepping down as ceo. all of this three months after ies was sued by the secur and exchange commission for what it called massive fraud. i today'ictment accuses holmes of engaging in a multimillion dollar sfreme to d investors. at its peak, they had a value of $9 billion and claimed to have a revolutionary system that would chan blood testing industry. that claim, though, has since been widely called into question. >>> a court has approvedells fargo's $142 million class action the agreement compensates customers who were part of the bank's fe account scandal the money will go to anyone that claims an account was opened without theironnt. wells fargo calls it a significant step fward for the bank. >>> and citigroup agreed toay $100 million for charging a benchmark interest rate. the suit filed by 42 state attorneys general alleged citi manipulated the rate as a way to increase its profit at the expense of investors. s to price everyt from credit cards to mortgages. >>> ay, tak
. ♪ ♪ >>> late today, theranos founder elizabeth holmes was charged with wire fraud and the company announced was also stepping down as ceo. all of this three months after ies was sued by the secur and exchange commission for what it called massive fraud. i today'ictment accuses holmes of engaging in a multimillion dollar sfreme to d investors. at its peak, they had a value of $9 billion and claimed to have a revolutionary system that would chan blood testing industry. that claim,...
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our cameras were there as theranos founder elizabeth holmes and former chief operating officer ramesh balwani walked out of federal court in san jose this afternoon. both were indicted for allegedly defrauding investors, doctors and patients saying that with a few drops of blood, their technology could detect diseases when that technology was not able to prove that accurately. holmes resigned as ceo of the company decide today. she and balwani could spend up to 20 years in prison if convicted. >>> bragging about being sexually deviant. tonight two best friends in the south bay are accused of having santa clara county sheriff detectives say talia sisco and tina pourani, both 24 years old, became a target of their investigation back in april. they were tipped off about the alleged relationships between the women and several 15 and 16-year-old boys. investigators say the two women bragged and joked about their alleged sex acts. >> it's absolutely outrageous that they think this is funny. this is a crime, and they're predators. >> sisco is a student teacher at bernal middle school in san
our cameras were there as theranos founder elizabeth holmes and former chief operating officer ramesh balwani walked out of federal court in san jose this afternoon. both were indicted for allegedly defrauding investors, doctors and patients saying that with a few drops of blood, their technology could detect diseases when that technology was not able to prove that accurately. holmes resigned as ceo of the company decide today. she and balwani could spend up to 20 years in prison if convicted....
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theranos founder elizabeth holmes was once considered a rising star.
theranos founder elizabeth holmes was once considered a rising star.
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as a 19-year-old stanford droupout, holmes founded theranos in 2003. this video shows her meeting with then vice president joe biden when he visited the newark lab. holmes a holmes -- reliability of some of their products. in a statement, u.s. attorney for the northern district of california says investors large and small from around the world are attracted to silicon valley. rules of law that require honesty, fair play and transparency. he became skeptical diuring a routine blood test. >> you can't lie. >> sharda claims that test inaccurately showed he had pre diabetes. ballani's attorney says his client is innocent. >> he believe. >> reporter: if convicted they each could face 20 years of prison and will return to court on august 15. >> holmes dropped out of stanford. >> the company was valued at $9 billion. her success was punctuated by being one of the featured speakers at a ted talk in san francisco >> the rate to protect the health and well-being of every person of those we love is a basic human right. >> vice president joe biden visited the lab
as a 19-year-old stanford droupout, holmes founded theranos in 2003. this video shows her meeting with then vice president joe biden when he visited the newark lab. holmes a holmes -- reliability of some of their products. in a statement, u.s. attorney for the northern district of california says investors large and small from around the world are attracted to silicon valley. rules of law that require honesty, fair play and transparency. he became skeptical diuring a routine blood test....
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Jun 16, 2018
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as a 19-year-old stanford droupout, holmes founded theranos in 2003.s video shows her meeting with then vice president joe biden when he visited the newark lab. holmes a holmes -- reliability of some of their
as a 19-year-old stanford droupout, holmes founded theranos in 2003.s video shows her meeting with then vice president joe biden when he visited the newark lab. holmes a holmes -- reliability of some of their
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if convicted, they both face a maximum sentence of 20 years in prison and fines theranos announced thatwn as ceo, but in the articles i was reading over the weekend, it said she was staying on as chairman which is kind of a crazy situation in this entire thing >> i'm looking this up she's still the chairman if that's the case, it's crazy why would they let her be the chairman of the company? >>> president trump has repeatedly talked about the impact that trade disadvantages with china and the effect on small companies and big as well, and this is an issue one small business owner took into her own hands in one of kate rogers' reports. >> kathy leonard has run auburn manufacturing for almost four decades. the small company has two facilities in maine and manufactures heat and fire resistant fabrics. a few years ago she began losing sizable contracts. leonard watched about 30% of her business in silica fabric disappear causing her to lay off 20% of her workforce she explored why >> we found that the materials were coming from china >> the products were being discounted up to 30% and being
if convicted, they both face a maximum sentence of 20 years in prison and fines theranos announced thatwn as ceo, but in the articles i was reading over the weekend, it said she was staying on as chairman which is kind of a crazy situation in this entire thing >> i'm looking this up she's still the chairman if that's the case, it's crazy why would they let her be the chairman of the company? >>> president trump has repeatedly talked about the impact that trade disadvantages with...
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Jun 16, 2018
06/18
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their company theranos developed a cheaper more convenient blood test using finger instead of a needle and a vial of blood. prosecutors say she defrauded investors, doctors and patients with false claims about the labs abilities. according to the indictment, they delivered to doctors and patients, blood results that were inaccurate, unreliable and improperly validated. they also delivered blood test results from which critical results were improperly removed. >> california house officials say coffee does not cause cancer, estate ruling last month ruled that every cup of coffee needs to come with a warning label. that's because of a possible carcinogen in the roasting process. today, the office of environmental health rejected that ruling, citing more than 1000 studies they say coffee is safe and a proposed regulation to clear coffee of the stigma that it is linked to cancer. >>> coming up, two women who described himself as sexual deviance they are accused of having sex with teenage boys. one of the women worked at a middle school. neck we are tracking a cooldown today, that will conti
their company theranos developed a cheaper more convenient blood test using finger instead of a needle and a vial of blood. prosecutors say she defrauded investors, doctors and patients with false claims about the labs abilities. according to the indictment, they delivered to doctors and patients, blood results that were inaccurate, unreliable and improperly validated. they also delivered blood test results from which critical results were improperly removed. >> california house officials...
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Jun 15, 2018
06/18
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theranos company founder elizabeth holmes and former chief operating officer have both be hit with federal charges for allegedly committing a multimillion dollar wire fraud, charged with two koints of conspiracy to commit wire fraud, nine counts of wire fraud. according to the iictment they engaged in schemes to defraud investors, doctors and patients. before that elizabeth holmes stepstepped down ats the ceo ofe company. >>> some of the stock shops thau shop at every day are the biggest winners. i'll share with you when we come back. charles: more news on the time warner at&t merger. time warner ceo set to leave the company after a brief transition. or where you trade, charles: there are times when the market closes lower but sends a clear by signal? major indeases opened lower after the outline tariffs against unfair china trade practices. ironically the market put in the bottom when the news broke that china was issuing $50 billion in retaliatory tariffs op u.s. goods. in fact the dow jones industrial average, the greatest exposure to their profit rebounded almost 200 points from the lo
theranos company founder elizabeth holmes and former chief operating officer have both be hit with federal charges for allegedly committing a multimillion dollar wire fraud, charged with two koints of conspiracy to commit wire fraud, nine counts of wire fraud. according to the iictment they engaged in schemes to defraud investors, doctors and patients. before that elizabeth holmes stepstepped down ats the ceo ofe company. >>> some of the stock shops thau shop at every day are the...
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there's been no comment from holmes or theranos. >>> next, we'll go live to the world cup in russia wherest. and still ahead, a preview of the underdog to watch for today. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for you. dates, deals, done! tripadvisor. visit tripadvisor.com until her laptop her sacrashed this morning.eks, having it problems? ask a business advisor how to get on demand tech support for as little as $15 a month. this week get boise case paper for only $29.99 at office depot office max. >>> it is day three of the world cup from russia. we're looking forward to the david versus goliath kind of matchup that is going to happen later today. >> it's how it was described. amanda davies is live at the spartak stadium where argentina and iceland are facing off in just ban hour at this point. what's going on? >> hi,
there's been no comment from holmes or theranos. >>> next, we'll go live to the world cup in russia wherest. and still ahead, a preview of the underdog to watch for today. with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches over 200 booking sites... to show you the lowest prices... so you can get the best deal on the right hotel for...
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Jun 16, 2018
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. >>> the founder and ceo of the blood testing startup theranos was indicted today in federal court in san francisco on criminal fraud charges. elizabeth holmes faces two counts of conspiracy to commit wire fraud and nine counts of wire fraud. her company, which was based in newark, claimed to have developed a cheaper more convenient blood test using a finger instead of a needle and a vial of blood. investigators found problems with the accuracy of the tests. >>> still to come here, it was graduation day inside san quentin. >> when i walk into the classroom every morning, i forget i'm in prison. >> still to come tonight, the program teaching inmates modern job skills to prepare them for life outside of prison. >> a $50,000 reward to help solve the killing of three people in northern california details coming up. >>> a california judge has denied a request by twitter to dismiss a lawsuit filed against the company by a self- proclaimed white nationalist. the lawsuit claims twitter violated the free speech rights of banning his social media account. taylor claims twitter permanently suspe
. >>> the founder and ceo of the blood testing startup theranos was indicted today in federal court in san francisco on criminal fraud charges. elizabeth holmes faces two counts of conspiracy to commit wire fraud and nine counts of wire fraud. her company, which was based in newark, claimed to have developed a cheaper more convenient blood test using a finger instead of a needle and a vial of blood. investigators found problems with the accuracy of the tests. >>> still to come...
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Jun 16, 2018
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. >>> the founder and ceo of the blood testing startup theranos was indicted today in federal court inan francisco on criminal fraud charges. elizabeth holmes faces charges of wire fraud and conspiracy to commit wire fraud. her company which was based in newark claimed to have developed a cheaper more convenient blood test using a finger instead of a needle and vial of blood. prosecutors say holmes solicited doctors and patients to use the lab even though they knew it was not capable of consistently producing accurate results. >>> ktvu fox 2 news at 6:30 is up next, no rest for the office of the mayor. details on how the city of san francisco is handling the transition now that london breed has been elected mayor and also, what she told us today when she visited the queue studios. >> plus, body camera footage of a san francisco police officer shooting a man who was fleeing. why the officer says he fired. >> a final good-bye to stephen hawkings. the ceremony to honor him. ktvu fox 2 news at 6:30 is next. >>> now to tonight's top stories. a teacher trainee and another woman are behind ba
. >>> the founder and ceo of the blood testing startup theranos was indicted today in federal court inan francisco on criminal fraud charges. elizabeth holmes faces charges of wire fraud and conspiracy to commit wire fraud. her company which was based in newark claimed to have developed a cheaper more convenient blood test using a finger instead of a needle and vial of blood. prosecutors say holmes solicited doctors and patients to use the lab even though they knew it was not capable...
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Jun 19, 2018
06/18
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and possibly a theranos. so, what you want? saying -- by the way, not to -- you didn't use the example i used, per se, but this is something that the chairman of the sec said -- there are half as many public companies, half is what they want. if you wanted a really tough confinement of public companies with everyone else dealing in private markets with increased liquidity available, what we have accomplished safety and silent -- safety and soundness in the system? i'm not bargaining for a collapse on the system, but once you do a cost-benefit analysis of some kind, whatever incremental benefit you are getting compared to the burdens of the cost you are putting on the system. >> would goldman have worked at or if it was an old-style partnership? lloyd: parts of our business, but it's not something we could record eight about or wring our hands. we couldn't stay public with who we were in the financial system. the way that the world evolved, we started out as an advisor, but in order to be an effective advisor, you had to be able
and possibly a theranos. so, what you want? saying -- by the way, not to -- you didn't use the example i used, per se, but this is something that the chairman of the sec said -- there are half as many public companies, half is what they want. if you wanted a really tough confinement of public companies with everyone else dealing in private markets with increased liquidity available, what we have accomplished safety and silent -- safety and soundness in the system? i'm not bargaining for a...
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more than 200 people invested in funds that bought shares between theranos between 2014 and 2016.up lied to investors about its capabilities. the group's lawyer says they may appeal the ruling. >> seven things to know as you start the day. plus amazon looking for a new headquarters, not in california. so why did it just lease a massive property in silicon valley. >> if you don't have time to visit the moon in real life, feeclaritin and relief fromwsy symptoms caused by over 200 allergens. like those from buddy. because stuffed animals are clearly no substitute for real ones. feel the clarity. and live clariticlr. moms love that land o' frost premium sliced meats have no by-products. [conference phone] baloney! [conference phone] has joined the call. hey baloney here. i thought this was a no by-products call? land o' frost premium. a slice above. >>> 5:25 if you're just joining us or heading out the door, seven things to know before you go. numberne election day in california. polls open at 7:00 a.m. kegs for governor, u.s. senate and race for attorney general. >>> number two, plen
more than 200 people invested in funds that bought shares between theranos between 2014 and 2016.up lied to investors about its capabilities. the group's lawyer says they may appeal the ruling. >> seven things to know as you start the day. plus amazon looking for a new headquarters, not in california. so why did it just lease a massive property in silicon valley. >> if you don't have time to visit the moon in real life, feeclaritin and relief fromwsy symptoms caused by over 200...
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. >>> federal prosecutors have indicted the founder of theranos on criminal fraud charges. elizabeth holmes is accused of defrauding investors, doctors and patients as head of that blood testing startup. the company's ceo was also charged. holmes was once hailed a silicon valley's youngest female billionaire, but investigation showed her company's blood tests were deeply lawed. >>> a new report shows lerepoow rsity inthe google employees are men and 53% are white, about the same as last year. 36% are asian. blacks make up just 2.5% of the workforce while latinos make up 3.6%. the report found black and latino employees are leaving the company at the highest rates. it's the first report since google fired engineer james demore who wrote a memo claiming biological differences were to blame for a lack of female engineers. google said it plans to make diversity a priority for senior leaders but earlier this month rejected an employee proposal to tie executive pay to diversity progress. any mo >>> lawmakers in sacramento are trying to make sure women who work in the capital don'
. >>> federal prosecutors have indicted the founder of theranos on criminal fraud charges. elizabeth holmes is accused of defrauding investors, doctors and patients as head of that blood testing startup. the company's ceo was also charged. holmes was once hailed a silicon valley's youngest female billionaire, but investigation showed her company's blood tests were deeply lawed. >>> a new report shows lerepoow rsity inthe google employees are men and 53% are white, about the...
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Jun 15, 2018
06/18
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elizabeth holz stepping down as ceo of theranos. that is part of the settlement with the sec.l as the company was charged with fraud earlier this year by the commission alleging that the company misled investors and customers. connell: wow. a lot going on obviously at that company. the hardest challenge in golf, meantime we'll talk more from shun any cob where medical list -- shinnecock this week where top players in the world are handling one of the sport's most difficult courses. ♪ >>> we are back live in shinnecock golf course. dustin johnson holding a steady lead followed by ian poulter from the uk. anything can happen. here to break it down, sports reporter from fox headlines. tell me where we're at. >> an appropriate song to bump in under pressure by david b bow iks e. dustin johnson won the stavment jude classic last week by six shots. he reminds me of justify who just won the belmont crown. this is what dustin johnson is doing. i don't think he's going to lose the tournament. >> talk to me about tiger. he has the most people following him around here, everyone is in lo
elizabeth holz stepping down as ceo of theranos. that is part of the settlement with the sec.l as the company was charged with fraud earlier this year by the commission alleging that the company misled investors and customers. connell: wow. a lot going on obviously at that company. the hardest challenge in golf, meantime we'll talk more from shun any cob where medical list -- shinnecock this week where top players in the world are handling one of the sport's most difficult courses. ♪...
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Jun 13, 2018
06/18
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CNBC
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whatever it might be you can't not tell t truth and that at thd of the day was the story of theranos. i think it's the story at some other companies as well. >> on dunkin' spec, we had the ceo responding to your shorting of the company. he said, listen. the stock has gone up since you announced your short position. go ahead >> that goes back to previous conversation it seems to me that both the prosecution and defense of bad behavior is the stock price. so if the stocprice goes up despite people raising some serious concerns, it's okay. right? the market has voted and therefore it's irrelevant. if the stock price goes down or the company encounters financial difficulty, why, then, we need to have an investigation d really the standard should be much higher than that the standard should be you can't lie to investors i mean, we had a well known investor, maybe the most well known investor in the world talking about in his quest about not having to release guidance saying he served on boards where the ceos made up the numbers i thought that was the most newsworthy part of that interview
whatever it might be you can't not tell t truth and that at thd of the day was the story of theranos. i think it's the story at some other companies as well. >> on dunkin' spec, we had the ceo responding to your shorting of the company. he said, listen. the stock has gone up since you announced your short position. go ahead >> that goes back to previous conversation it seems to me that both the prosecution and defense of bad behavior is the stock price. so if the stocprice goes up...
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Jun 16, 2018
06/18
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the ceo theranos has been indi t indicted on wire fraud charges. she was forced to step down from the company she founded which a few years ago was valued at $9 billion. >>> rocking ronaldo. portuguese superstar proved he had the right stuff against rival spain. the footballer pulled a hat trick in what some are calling one of the most thrilling games in world cup history. spain and portugal ended up tying the game 3-3. >>> look out below. freak winds send two port-o-potty flying. this video has been viewed more than a million times. today, saturday, june 16th, 2018. >>> also this morning, learning details about the horrific shooting outside a dentist office in colorado. a mother and three sons gunned down in a case that police say was sparked from road rage. we have nbc's catie beck with the story. >> reporter: police believe it was road rage that led to the deadly shooting rampage in the parking lot in denver on thursday. >> you noeever know. it is not worth it. >> reporter: it started as a family trip to the dentist. megan biglow. has she parked
the ceo theranos has been indi t indicted on wire fraud charges. she was forced to step down from the company she founded which a few years ago was valued at $9 billion. >>> rocking ronaldo. portuguese superstar proved he had the right stuff against rival spain. the footballer pulled a hat trick in what some are calling one of the most thrilling games in world cup history. spain and portugal ended up tying the game 3-3. >>> look out below. freak winds send two port-o-potty...
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Jun 10, 2018
06/18
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prize-winning investigative reporter john -- [inaudible] look into the rise and fall of biotech start-up theranosthe soul of america, jon meacham's thoughts on critical moments in american history and how they relate to today. in fourth is robert green's the 48 laws of power. and after that arizona senator john mccain's reflections on his political career, the restless wave. our look at some of the best selling audio books according to audible continues with wes cork about an unsolved murder in ireland. then malcolm gladwell examines the unique ts of high achievers in outliers followed by new yorker staff writer david grand's killers of the flower moon about a string of murders in oklahoma during the 1920s that targeted members of the osage indian nation. in ninth is ronan farrow's report on the role of the state department and american diplomacy in the world today in war on peace. and wrapping up our look at some of the audio books from audible's nonfiction bestseller list is j. vance's reflections on his childhood in a rust belt town in ohio, "hillbilly elegy". some of these authors have appear
prize-winning investigative reporter john -- [inaudible] look into the rise and fall of biotech start-up theranosthe soul of america, jon meacham's thoughts on critical moments in american history and how they relate to today. in fourth is robert green's the 48 laws of power. and after that arizona senator john mccain's reflections on his political career, the restless wave. our look at some of the best selling audio books according to audible continues with wes cork about an unsolved murder in...