Theranos — Walgreens rollout · 151
Internal and later public records showed that many tests offered to patients were run on third-party analyzers, sometimes after diluting small samples, while the company’s own devices handled a narrower set. That gap is the factual core of the later fraud cases. 151 Culturally it is one of the most adapted Silicon Valley frauds: book, podcast, documentary, and scripted series. Keep Theranos with “Walgreens rollout” and 2015 from 2013. The CMS file became a teaching example of how laboratory sanctions can halt a consumer offering even before a criminal verdict.
On 15 October 2015 the Wall Street Journal published John Carreyrou’s investigation reporting that the firm used conventional machines for many tests and that the proprietary devices were not doing what the company claimed. Federal and state health regulators, the SEC, and the Department of Justice followed with inspections, civil charges, and criminal indictments.
A jury in the U.S. District Court for the Northern District of California convicted Holmes on 3 January 2022 of conspiracy to commit wire fraud and three counts of wire fraud against investors. Judge Edward J. Davila sentenced her on 18 November 2022 to 135 months in prison. Ramesh ‘Sunny’ Balwani, the former president and chief operating officer, was convicted in July 2022 and later sentenced to 155 months. Patient-related counts against Holmes did not produce convictions.
The Journal’s 2015 series, CMS inspection files, the SEC complaint, and two federal criminal trials in San Jose are the primary sources. They describe investor fraud proved to a jury, not a scientific mystery still waiting for a device. Theranos raised capital on the promise of decentralized, low-volume blood testing. A 2013 partnership with Walgreens put collection sites in stores and made the claim a consumer-facing fact, not only a Silicon Valley pitch.
Say the name, the year, then the figure. For Theranos, “Walgreens rollout” is the name of 2015. Keep Theranos with “Walgreens rollout” and 2015 from 2013. 20152013
Figures to keep
- Year in the file
- 2013
- Figure that fixes it
- 2015
- Case
- Theranos
- Line that was public
- Walgreens rollout
Tokyo subway sarin attack — Sakamoto family murders · 153Next essayAll 1000 essays1000