The DeVos family office initially said it would invest $50 million, but doubled it after meeting with Elizabeth Holmes.
Former U.S. Education Secretary Betsy DeVos was given false and misleading information before investing $100 million into Theranos, whosefor allegedly defrauding investors and patients about the company's blood-testing technology, a representative for the DeVos family office said.
The DeVos family office initially said it would invest $50 million, but doubled it after meeting with Holmes, according to Tuesday's testimony. Peterson told the court that Holmes' allegedly false claims made them believe that "this was going to be a game changer for health care." But behind the scenes, she is accused of trying to achieve her dreams by shortcutting the checks and balances designed to protect patients and investors. Initially, Theranos did not publish what Holmes claimed was "breakthrough" technology in peer-reviewed journals and the company did not share its data with the scientific community. It also did not get approval from the Food and Drug Administration for its devices.
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Betsy DeVos was misled by Theranos founder before investing $100M, rep saysFormer Education Sec. DeVos was given false and misleading information before investing $100,000,000 into Elizabeth Holmes' company Theranos, a representative for the DeVos family office says.
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Theranos investor Betsy DeVos was misled by Elizabeth Holmes on the tech and financials, representative testifiesA rep who manages investments for the family office of Betsy DeVos testified that Elizabeth Holmes was misleading in trying to lure an investment for Theranos.
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Theranos Jurors Hear About $100 Million DeVos InvestmentOver the first few weeks of the criminal trial of Elizabeth Holmes, the prosecution has been seeking to offer crucial testimony that goes to the heart of the government’s fraud case against the Theranos founder. Follow the latest developments.
続きを読む »
Betsy DeVos was misled by Theranos founder before investing $100M, rep saysFormer Education Sec. DeVos was given false and misleading information before investing $100,000,000 into Elizabeth Holmes' company Theranos, a representative for the DeVos family office says.
続きを読む »
Theranos investor Betsy DeVos was misled by Elizabeth Holmes on the tech and financials, representative testifiesA rep who manages investments for the family office of Betsy DeVos testified that Elizabeth Holmes was misleading in trying to lure an investment for Theranos.
続きを読む »
Theranos Jurors Hear About $100 Million DeVos InvestmentOver the first few weeks of the criminal trial of Elizabeth Holmes, the prosecution has been seeking to offer crucial testimony that goes to the heart of the government’s fraud case against the Theranos founder. Follow the latest developments.
続きを読む »