All Theranos articles

  • Carreyrou
    Article

    Carreyrou at TPRM: Theranos warning signs were there, but partners failed to spot them

    2020-09-18T22:26:00Z

    John Carreyrou explained to third-party risk professionals at CW’s TPRM Virtual Summit that the mistakes made by Theranos’s business partners were entirely preventable—had they done their proper due diligence.

  • Elizabeth Holmes
    Article

    Elizabeth Holmes might seek ‘mental disease’ defense at Theranos trial

    2020-09-15T16:29:00Z

    Elizabeth Holmes, founder and CEO of now-defunct blood testing company Theranos, is exploring the idea of using “mental disease or defect” as part of her defense during her criminal fraud trial, which is set to begin in March.

  • John Carreyrou
    Article

    John Carreyrou at TPRM: How to spot a wolf in Steve Jobs’ clothing

    2020-08-21T14:22:00Z

    John Carreyrou, the Wall Street Journal  reporter who exposed Theranos and its founder Elizabeth Holmes as frauds, will be the keynote speaker on Day 2 of Compliance Week’s TPRM virtual conference Sept. 18.

  • Nailedit1200x800
    Article

    McDonald’s handling of ex-CEO scandal gets compliments, criticism

    2020-08-13T14:37:00Z

    A fresh podcast from the Theranos whistleblower and a new compliance association for Black practitioners get a round of applause from us this week, while a complicated case involving McDonald’s lands the company on both the “Nailed It” and “Failed It” lists.

  • cw2020jpg
    Article

    Special report: Compliance 2020

    2020-01-06T14:24:00Z

    CW Editor in Chief Dave Lefort offers 10 predictions on what will dominate compliance headlines in 2020.

  • Timeline
    Article

    Compliance 2020: A timeline

    2020-01-02T14:03:00Z

    Compliance Week looks back at two decades of scandals, enforcement actions, and regulatory policies (2000-2019) that shaped the compliance function we see today.

  • Mary Rentoumis
    Article

    Wells Fargo’s new TPRM head looked to Theranos for lessons

    2019-12-16T14:49:00Z

    At CW’s Third-Party Risk Management and Oversight Summit, the head of Wells Fargo’s global TPRM group took a few pages out of biotech startup Theranos’ book to shed light on what not to do when building a risk culture.

  • Blog post

    The ‘how’ question in due diligence

    2018-07-19T09:00:00Z

    A clear lesson to be learned from the Theranos scandal is when conducting merger due diligence, make sure to determine how a new partner conducts itself and its business.

  • Blog post

    Theranos founder charged in wire fraud scheme

    2018-06-19T10:00:00Z

    A federal grand jury on June 14 indicted the former founder and chief operating officer of private healthcare and life sciences company, Theranos, arising from allegations that they engaged in a multimillion-dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients.

  • Blog post

    Post-mortem on Theranos—where were the controls?

    2018-03-22T09:45:00Z

    Theranos’s fall from grace is one large-scale compliance failure. The reason? It’s all about internal controls, writes The Man From FCPA.

  • Blog post

    Theranos appoints chief compliance officer

    2016-07-21T09:45:00Z

    Amid a heap of regulatory trouble, start-up life sciences company Theranos announced the appointment of two new executives to lead the company’s regulatory, quality and compliance efforts, including naming a chief compliane officer. The company also created a new compliance and quality committee. Jaclyn Jaeger has the details.

  • Blog post

    Theranos’ health takes a turn for the worse

    2016-07-13T11:30:00Z

    The health of ailing biotech start-up Theranos continues to decline, as the Centers for Medicare & Medicaid Services imposed numerous sanctions on the firm following a review last year of its laboratory operations that uncovered numerous compliance violations. Jaclyn Jaeger reports.

  • Blog post

    Theranos further restructures its board, operations

    2016-05-12T11:30:00Z

    Theranos yesterday made further changes to board of directors, as the ailing biotech start-up faces civil and criminal investigation into whether it defrauded investors. The company also announced the retirement of Sunny Balwani as president and chief operating officer.

  • UnicornCrosshairs
    Article

    Bleeding out: Theranos oozes with corporate governance lessons

    2016-05-10T13:45:00Z

    A year ago, Theranos was a Silicon Valley health tech “unicorn” praised for breakthrough advancements in blood testing. Now it’s under civil and criminal investigation for defrauding investors. The role Theranos’ board has played in this is already shaping up to be a pointed object lesson for board best practices ...