Theranos CEO wooed investors while lab director saw trouble

Holmes and Balwani seemed more interested in cultivating Theranos’ image as a potentially game-changing company than protecting people’s health, according to Rosendorff. — AP

SAN JOSE, California: Fallen Silicon Valley star Elizabeth Holmes convinced media mogul Rupert Murdoch and other billionaires to invest in her biotechnology startup despite warnings its unconventional blood tests were dangerously unreliable, according to evidence presented on Sept 28 during her criminal trial.

The revelations emerged during the eighth day of a high-profile trial revolving around allegations Holmes duped investors, customers and unwitting patients as CEO of Theranos, a company she founded after dropping out of college in 2003 when she was 19.