Judge drops some charges against Theranos's Elizabeth Holmes - but she WILL ...

Judge drops some charges against Theranos founder Elizabeth Holmes but she and the company's former president WILL face wire fraud charges for 'misleading patients about the abilities of the company's blood tests Judge on Tuesday dismissed some charges against Elizabeth Holmes but wire fraud charges still stand against her and Theranos president Sunny Balwani  They're accused of misleading patients about the blood test abilities Court found even though they knew the tests weren't capable of consistently producing reliable results they didn't make doctors recommend them Court ruled that since the tests were paid by medical insurance companies the patients were not deprived of any money or property   However a prosecutors claims they got $700million out of investors via misrepresentation Their trial is set to begin in August 

By Leah Simpson For Dailymail.com and Reuters

Published: 14:22 GMT, 12 February 2020 | Updated: 14:32 GMT, 12 February 2020

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A federal judge late on Tuesday dismissed some charges against Theranos Inc founder Elizabeth Holmes and the company's former president Ramesh 'Sunny' Balwani, but wire fraud charges still stand. 

According to the 2018 indictment, Holmes and Balwani encouraged doctors and patients to use the company's blood testing services even though they knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests.  

They were accused of misleading patients about the abilities of her company's blood tests and they pleaded not guilty to nine counts of wire fraud and two counts of conspiracy to commit wire fraud.

Holmes, a Stanford University dropout, started Theranos at age 19 and questions were first raised about the accuracy and reliability of the company's signature finger prick blood-testing device in a series of articles in the Wall Street Journal in 2015. 

Judge on Tuesday dismissed some charges against Elizabeth Holmes but wire fraud charges still stand against her and former Theranos president Sunny Balwani. Holmes (center) founder is pictured January 13, 2020, at the U.S. District Court House in San Jose, California

Judge on Tuesday dismissed some charges against Elizabeth Holmes but wire fraud charges still stand against her and former Theranos president Sunny Balwani. Holmes (center) founder is pictured January 13, 2020, at the U.S. District Court House in San Jose, California

Court found even though they knew the tests weren't capable of consistently producing reliable results they didn't make doctors recommend them. Ramesh Balwani of Theranos arrives for motion hearing in April 2019

Court found even though they knew the tests weren't capable of consistently producing reliable results they didn't make doctors

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