The company’s life is 2003–2018. The criminal case occupies 2018–2022.
These ten marks are the ones the trial stipulations and the major press chronologies agree on.
Timeline
- Company founded
Elizabeth Holmes founds Theranos in Palo Alto, later claiming a small-sample testing platform that would become the Edison story.
- Walgreens rollout
A retail partnership puts Theranos collection sites in stores, turning a private pitch into a consumer laboratory offering.
- Peak private valuation
Press reports place the company near a $9 billion valuation. Holmes appears on magazine covers as a biotechnology founder.
- Journal investigation
On 15 October the Wall Street Journal publishes Carreyrou’s first major article challenging the device claims and laboratory practice.
- CMS sanctions
Medicare’s survey agency cites the Newark lab and later imposes sanctions, including a ban on Holmes’s running a lab for a period. Many results are voided.
- SEC charges; company ends
The SEC charges Holmes and Balwani with fraud. Theranos begins dissolution. A criminal indictment follows in the Northern District of California.
- Holmes trial begins
Jury selection and evidence in San Jose. The government focuses on investor representations about technology, partners, and the military.
- Holmes verdict
On 3 January the jury convicts on four investor-related counts and acquits or hangs on others. Sentencing is set for later in the year.
- Balwani verdict
In July a separate jury convicts Balwani on all counts, including patient-related fraud.
- Sentences
Davila sentences Holmes to 135 months (18 November) and Balwani to 155 months (7 December). Both later report to custody after appeal-related delays.
After the 2022 sentences the live file is appellate and restitution arithmetic; the trial-court story of investor fraud is complete.
Public-record encyclopedia. Not legal advice. Not a how-to. Graphic detail is withheld. Wars belong in a separate atlas.