Evans hotel group fortune

Continue Accused fake blood test grifter has a busy schedule this year. In addition to attending her upcoming trial for 11 criminal charges, she will marry! The lucky groom-to-be is William Billy Evans, scion of the Evans Property Hotel Group. From Brides Magazine: Maybe they mount on their shared wealth or interest in tech, as Evans is an MIT grad who works at Linked In, then Luminar Technologies, a driverless-car startup. According to Linked In, Evans stopped working there in January - maybe spending more time with his bride while he still could? Holmes is charged with 11 criminal charges, including wire fraud and conspiracy, and could face jail time. Holmes pleaded guilty. While Holmes was awaiting trial, the couple had lived large in a luxury apartment in San Francisco, according to Vanity Fair, and they even attended Burning Man together just days before employees were told the company was officially closed. In their San Francisco home, they coparent Holmes's wolf, Balto. As it turns out, Balto is really just a Siberian husky. For everyone asking about Holmes' social media. It's personal. But here are a few screenshots of her and her fiance we found online. (I personally find it crazy that she was charged with 11 charges, thousands of people's lives were compromised, and she was as happy as possible.) pic.twitter.com/6nYfjltLt4 - Nick Bilton (@nickbilton) February 21, 2019 Image by Glenn Fawcett – Cropped version of from Public Domain, Link Ask most Apple Watch users about their biggest beef with the most popular wearable in tech today and many will likely answer with the same beef had by many users of wirelessly charged devices. It's just not so simple as making sure your wireless charger is lined up properly with your device to get a stable,... READ THE REST This week in machine-thinking news, a Harvard professor and his students raised $14 million to create artificial intelligence so smart that even hackers couldn't crack it. Meanwhile, reports from the White House show that the federal government is moving closer to enacting their directives on how agencies should regulate AI in the future. And if... READ THE REST Back when you used to divide the time between home and office, it really isn't usually a big deal. But now that you spend hours after hours tapping away at that one laptop all day and all night long, perhaps you should start paying attention to just how freakin' hot thing it is getting. In... READ THE REST Former CEO of Theranos Corporation Elizabeth HolmesHolmes backstage at TechCrunch Disrupt San Francisco in 2014BornElizabeth Anne (1984-02-03) February 3, 1984 (age 36)Washington, DC, U.S. Citizenship UniversityAmericanEducationStanford (dropout) Tech startup OccupationHealth OccupationHealth and former CEO of Billy Evans (m. 2019) Partner (2003-2016) Elizabeth Anne Holmes (born February 3, 1984)[1] is an American business woman who founded and is the CEO of Theranos, a now de-existent medical technology company. Theranos soared in price after the company claimed to have revolutionized blood tests by developing testing methods that could use surprisingly small volumes of blood, such as from one finger. [3] By 2015, Forbes had ranked Holmes as the youngest and wealthiest female self-made billionaire in america, on the basis of her company's $9 billion value. [4] The following year, following revelations of potential fraud on Theranos' claims, Forbes revised its published estimate of Holmes' net worth to 0,[5] and Fortune named her one of the world's most disappointing Leaders. [6] Theranos' decline began in 2015, when a series of press and regulatory investigations revealed doubts about the company's technology claims and whether Holmes had misled investors and the government. In 2018, the U.S. Securities and Exchange Commission accused Theranos and Holmes of deceiving investors by rigging large through false or exaggerated claims about the accuracy of the company's blood test technology; Holmes settled the allegations by paying a $500,000 fine, returning 18.9 million shares to the company, re giving up control of theranos' voting rights and being banned from being an officer or director of a public company for ten years. [7] In June 2018, a federal grand jury indicted Holmes and former Theranos executive Ramesh Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with false results to consumers. [9] A trial will begin in March 2021. [10] Theranos' credibility was partly due to Holmes' personal relationships and his ability to recruit the support of influences including , , James Mattis and Betsy DeVos. Holmes had a secret romantic relationship with her chief executive, Ramesh Balwani. [11] After the fall of Theranos, she married hotel heir Billy Evans. Holmes' career, the rise and fall of her company, and the fallout that followed were the subject of a book, Bad Blood: Secrets and Lies in a Silicon Valley Startup, by Wall Street Journal reporter , and an HBO documentary, The Inventor: Out for Blood in Silicon Valley. Elizabeth Holmes was born in Washington, D.C.[12] Her father, Christian Rasmus Holmes IV, was vice president at Enron, an energy company, after which he held executive positions in government agencies such as USAID, EPA, and USTDA. [14] Her mother, Noel Anne (Daoust), was a member of the Congressional committee. [12] Holmes attended St. John's in Houston. [16] During high school, she was interested in computer programming and announced she started the first business selling C++ compiler to Chinese universities. [17] Her parents arranged home tutoring, and partly through high school, Holmes began attending Stanford University's Summer Speaking Language program. [12] In 2002, Holmes attended Stanford, where she studied chemical engineering and worked as a student researcher and laboratory assistant at the School of Engineering. [15] After finishing her first year, Holmes worked in a laboratory at Singapore's Genetic Institute and tested severe acute respiratory syndrome through the collection of blood samples with a syringe. [19] She filed her first patent application on a wearable drug delivery patch in 2003. [21] In March 2004, she dropped out of Stanford's School of Engineering and used her tuition as a seed grant for a consumer healthcare technology company. [22] Theranos Founding Holmes founded Real-Time Cures in Palo Alto, California, to democratize health care. [24][25] Holmes described her fear of needles as a motivation and sought to perform a blood test in only a small amount of blood. [23] When Holmes originally came up with the idea to reap large amounts of data from a few drops of finger-derived blood for medical professor Phyllis Gardner at Stanford, Gardner replied, I don't think your idea will work, explaining that it's impossible to do what Holmes claims can be done. Several other specialist medical professors have told Holmes the same thing. [14] However, Holmes did not stop, and she succeeded in bringing her mentor and dean at the School of Engineering, Channing Robertson, to support her idea. [14] In 2003, Holmes renamed the company Theranos (a collage of therapy and diagnosis). [27] Robertson became the company's first board member and introduced Holmes to venture capitalists. [15] Holmes was a fan of Apple founder Steve Jobs, and deliberately copied his style, regularly wearing a black turtle neck sweater, as Jobs did. [28] Holmes claimed her mother wore black turtlenecks when she was young,[29] but in fact, an employee introduced her to Jobs' famous Issey Miyake tortoises in 2007. [30] In most public appearances, she speaks in a deep baritone voice, although a former colleague of Theranos later claimed he heard her use the voice of a typical woman in her twenties to greet him when he was new. [18] (page 97)[31] However, her family still claims that her baritone voice is authentic. [33] Funding and expansion In December 2004, Holmes raised $6 million to fund the company. [15] Arrival in 2010, Theranos had more than $92 million in venture capital. [20] In July 2011, Holmes was introduced to former secretary of state George Shultz. After a meeting, he joined the Theranos board of directors. [34] Holmes was recognized as the most illustrious board of directors in U.S. corporate history for the next three years. [35] Holmes runs Theranos in stealth mode without a press release or the company's website until September 2013, when the company announced a partnership with to launch in- store blood sample collection centers. [37] Media attention increased in 2014, when Holmes appeared on the covers of Fortune, Forbes, T: The New York Times Style Magazine and Inc.[38] Forbes recognized Holmes as the world's youngest self-made billionaire and ranked her #110 on the Forbes 400 in 2014. [39] Theranos was valued at $9 billion and raised more than $400 million in venture capital. [40] By the end of 2014, her name appeared on 18 U.S. patents and 66 foreign patents. [21] In 2015, Holmes established agreements with the Cleveland Clinic, Capital BlueCross, and AmeriHealth Caritas to use Theranos technology. [20] The fall of John Carreyrou of The Wall Street Journal initiated a months-long undercover investigation into Theranos after he received a tip from a medical professional who thought the Edison blood test device seemed suspicious. [18] Carreyrou spoke to former whistleblowers and obtained company documents. When Holmes learned of the investigation, she initiated a campaign through her attorney to prevent Carreyrou from publishing, including legal and financial threats against both the Journal and whistleblowers. [41] In October 2015, despite Boies' strong legal and tactical threats, Carreyrou published a bombshell paper[42] which detailed how the Edison device gave incorrect results, and revealed that the company had used commercially available machines manufactured by other manufacturers in most of its tests. [43] Carreyrou went on to expose Holmes in a series of articles and, in 2018, published a book titled Bad Blood: Secrets and Lies in a Silicon Valley Startup, detailing his investigation of Theranos. [45] Holmes denied all claims, calling the Journal a tabloid and promising the company would publish data on the accuracy of its tests. [47] She appeared on CNBC's Mad Money on the same night the article was published. Cramer said, The article is quite brutal, holmes replied, This is what happens when you work to change things, first they think you're crazy, then they fight you, and then all of a sudden you change the world. [48] In January 2016, the Centers for Medicare and Medicaid Services (CMS) sent a warning letter to Theranos after an examination of the Newark, California lab found qualifications, procedures and equipment of employees. [49] CMS managers proposed a ban on Holmes owning or operating the lab for two years after the company did not fix the problem in a California lab on March 3 On The Today Show, Holmes said she was devastated we didn't grasp and fix these problems faster and said the lab would be rebuilt with help from a new scientific and medical advisory board. [52] In July 2016, CMS officially banned Holmes from owning, operating or directing a blood test service for a period of two years. Theranos appealed that decision to the U.S. Department of Health and Human Services' appeals board. [53] Soon after, Walgreens ended its relationship with Theranos and closed its blood collection centers. [54] The FDA also ordered the company to stop using capillary tube nanotainer equipment, one of its core inventions. In 2017, the state of Arizona filed a lawsuit against Theranos, allegeing that the company sold 1.5 million blood tests to Arizonans, while concealing or misrepresenting important facts about those tests. In April 2017, the company settled the lawsuit by agreed to reimburse consumer testing costs and pay $225,000 in civil penalties and attorneys' fees, totaling $4.65 million. [56] Other reported actions are taking place including civil and criminal investigations by the U.S. Securities and Exchange Commission and the U.S. Attorney's Office for the Northern District of California, an fbi investigation and two cases of collective fraud. Holmes denies any wrongdoing. [14] On May 16, 2017, approximately 99% of Theranos shareholders reached an agreement with the company to eliminate all current and potential litigation in exchange for preferred shares. Holmes issued part of his equity to offset any dilution of the value of shares to non-participating shareholders. [58] On March 14, 2018, Holmes settled an SEC lawsuit. [60] The company also lied when it claimed $100 million in revenue in 2014. That year, the company made only $100,000. [61] Holmes' settlement terms included surrendering control of Theranos' vote, a ban on holding an officer position in a public company for 10 years, and a $500,000 fine. [64] At its peak in 2015, Theranos had more than 800 employees. [65] It laid off 340 employees in October 2016 and added 155 in January 2017. [66] In April 2018, Theranos filed a WARN Act notice with the State of California, informing it of plans to permanently lay off 105 employees, leaving it with fewer than two dozen employees. [67] Most of the remaining employees were laid off in August 2018. On September 5, 2018, the company announced that it had begun the formal process of [68] Criminal charges were made on June 15, 2018, following an investigation by the U.S. Attorney's Office in San San lasting more than two years, a federal jury indicted Holmes and former Theranos CEO and President, Ramesh Sunny Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Both pleaded not guilty. Prosecutors allege holmes and Balwani engaged in two criminal conspiracies, one to defraud investors, one to defraud doctors and patients. [69] After the indictment was issued, Holmes resigned as CEO of Theranos but remained chairman of the board. [9] The case is U.S. v. Holmes, 18-cr-00258, U.S. District Court for the Northern District of California and is now set to begin on March 9, 2021, after being pushed back by the Coronavirus epidemic. [10] They could face up to 20 years in prison if convicted. [72] In June 2019, Bloomberg News reported that Holmes and Balwani were considering a defense strategy that could blame the media for Theranos' demise and whether journalist John Carreyrou's report had un unremanected government regulators to write a sensational story for The Wall Street Journal. [73] In October 2019, The Mercury News reported that Cooley LLP, Holmes' legal team in a collective civil lawsuit, had asked the court to allow them to stop representing her, saying she had not paid them for a year for services, and that with Ms Holmes' current financial situation , Cooley had no expectation that Ms. Holmes would pay for her services as her lawyer. [74] In November 2019, The Recorder reported that H. County Senior Judge Russel Holland, who is overseeing the civil case, said he would allow Cooley to withdraw. [75] In February 2020, Holmes' defense attorney asked the federal court to drop all charges against her and co-defendant Balwani. A federal judge examined the allegations and ruled that some costs should be reduced: because Theranos blood tests were paid for by health insurers, patients were not deprived of any money or property. Therefore, prosecutors will not be allowed to argue that doctors and patients are victims of fraud. However, the judge up to 11 charges of wire fraud. [77] In August 2020, prosecutors filed a third alternative indictment, adding a tede fraud charge related to a patient's blood test. Holmes and her legal team responded by claiming the new indictment violated her rights because the jury handled it generated during the epidemic, was not randomly selected from a fair cross-section of the community and requested access to jury selection records. Later, prosecutors urged the court to reject Holmes' request, saying she was asking too much by suggesting there was no basis that the jurors had been improperly selected. [78] On In August 2020, Holmes' legal team filed new petitions seeking to dismiss seven of the 12 12 fraud charges brought by Federal Judge Edward Davila made a mistake about his obligations to Theranos' investors. In September 2020, Bloomberg News reported that Holmes was exploring a mental illness defense for his criminal fraud trial when the judge overseeing the case ruled that government prosecutors could examine Holmes. [80] The promotion of Holmes collaborated with Carlos Slim Helú in June 2015 to improve blood tests in Mexico. [81] In October 2015, she #IronSisters help women in their careers in science, technology, engineering and mathematics. [82] In 2015, she helped draft and pass a law in Arizona to allow people to get and pay for laboratory tests without the approval of an insurance or healthcare provider, while misrepresenting the accuracy and effectiveness of Theranos devices. [83] Connections Theranos' board and investors include many influential figures. Holmes' first major investor was Tim Draper, a Silicon Valley venture capitalist and father of Holmes' childhood friend Jesse Draper, who cut Holmes a cheque for $1 million when he heard her initial speech to the company that would become Theranos. [86] Theranos' large group of investors expanded to include Rupert Murdoch, the Walton family, the DeVos family including Betsy DeVos, the Cox family of Cox Enterprises, and Carlos Slim Helú. Each of these investors lost tens to hundreds of millions of dollars when Theranos was solved. [84] One of Holmes' first board members was George Shultz. [85] With Shultz's initial involvement supporting Holmes' recruitment efforts, the 12-member Theranos board eventually included:[87] Henry Kissinger, a former secretary of state; , a former defense secretary; James Mattis, a future defense secretary; Gary Roughead, a retired U.S. Navy admiral; Bill Frist, a former U.S. Senator (R-TN); Sam Nunn, a former U.S. Senator (D-GA); and former Wells Fargo CEO Dick Kovacevich and Bechtel's Riley Bechtel. [to be quoted] Recognized before the fall of Theranos, Holmes received widespread acclaim. In 2015, she was appointed a member of the Harvard Medical School Research Council[88] and was named one of TIME magazine's most influential people in the world. [89] Holmes received the Under 30 Doers award from Forbes and was ranked among the most powerful women of 2015. [91] She was also named Glamour Woman of the Year and received an Honors Doctorate in Humanitarian Letters from Pepperdine University. [93] Holmes was awarded the Horatio Alger Prize in 2015, making her the youngest person in history. [94] Previously, she was Fortune Entrepreneur of the Year and is listed in the 40 Under 40 list. [96] After several press and criminal investigations and civil lawsuits, relating to Theranos' business, she was charged with major fraud by Securities and Committee. [60] In 2016, Fortune named Holmes one of the world's most disappointing leaders. [6] Elizabeth Holmes' personal life at Stanford University, 17 April 2013 Before the March 2018 settlement, Holmes held a 50% stake in Theranos. [17] Forbes listed her as one of america's most self-enriched women in 2015 with a net worth of $4.5 billion. [40] In June 2016, Forbes announced an updated value of $800 million for Theranos, which made Holmes' shares fundamentally worthless, because other investors own preferred shares and would be paid in advance of Holmes, who only owns common stock. [5] Holmes is said to owe Theranos $25 million in relation to exercise options. She did not receive any company cash from the deal, nor did she sell any of her shares, including those related to the debt. [99] Holmes had an affair with tech entrepreneur Ramesh Sunny Balwani, a Hindu of Pakistani descent who iigrated to India and later the United States. [18] She met him in 2002 at the age of 18, while in school; he was 19 years older than her and married another woman at the time. Balwani divorced his wife in 2002[101] and had an affair with Holmes in 2003, around the same time Holmes dropped out of college,[100] and the couple moved into an apartment around 2005. Although Balwani did not officially join the company until 2009, as chief executive, he had previously consulted Holmes behind the scenes. [100] Holmes and Balwani run the company together in a secretive and fearful corporate culture. [100] Their romantic relationship was concealed for most of their time in the company. [11] He left Theranos in 2016 following investigations. The circumstances of his passing are unclear; Holmes said she fired him, but Balwani said he had left his own deal. In early 2019, Holmes became engaged to William Billy Evans, a 27-year-old heir to Evans Hotel Group. In mid-2019, Holmes and Evans married in a private ceremony. [104] The couple live in San Francisco. [102] In the media and culture, Holmes has appeared in several media works. [105] In May 2018, author John Carreyrou released his book Bad Blood: Secrets and Lies in a Silicon Valley Startup to considerable acclaim. A film based on the book is under development, with Jennifer Lawrence as Holmes and Adam McKay as writers and directors. [107] In January 2019, ABC News, Nightline and Rebecca Jarvis released a podcast and documentary about the Holmes story called . It includes interviews and deposition tapes of key figures including Elizabeth Holmes; Sunny Balwani; Holmes (Elizabeth's brother); Tyler Shultz (Theranos whistleblower and nephew of Board Member George Shultz); Theranos board members Bill Frist, Gary Roughead, Robert Kovacevich; And And There was also an interview with Jeff Coopersmith, the attorney representing Balwani. [85] On March 18, 2019, HBO premiered the silicon Valley documentary The Inventor: Out for Blood, a two-hour documentary that premiered at the Sundance Film Festival on January 24, 2019. It portrays Holmes' claims and promises in the final years of Theranos and how the company was ultimately taken down by the weight of many falsehoods. The documentary ends in 2018, with Holmes and Balwani indicted on multiple charges. [108] On April 10, 2019, Hulu announced a drama based on the Dropout podcast, also known as The Dropout. Kate McKinnon will play Elizabeth Holmes. 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Producers: Women Who Make America - Elizabeth Holmes at Archive.today (archived September 6, 2015) The Theranos Deception. CBS (60 minutes). May 20, 2018. Taken from

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