An investor at Betsy DeVos's family office told jurors that Elizabeth Holmes "very much downplayed" news reports about the blood-testing device being inaccurate.
DeVos, the former education secretary in the Trump administration, invested $100 million in Theranos in 2014. Lisa Peterson, who oversees private equity investments at RDV Corp. and handled the Theranos deal, testified on behalf of the family on Tuesday. She told jurors that Theranos shared financial projections, showing the company would have revenue of $140 million in 2014 and $990 million in 2015. Peterson said she didn't know that Theranos had no revenue in 2012 and 2013.
Was she misled or just stupid?
She took off all the makeup to initiate 'operation innocent white' 😂😂😂🤦♂️🤦♂️🤦♂️
maybe Elizabeth ISN'T so bad after all
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Close At Record Highs After Tesla Hits $1 Trillion In Market ValueInvestors are looking ahead to major tech earnings this week, hoping they can further boost stocks.
Source: Forbes - 🏆 394. / 53 Read more »
The Theranos Trial: What You Should KnowFederal prosecutors have charged Elizabeth Holmes and Ramesh 'Sunny' Balwani, Theranos's president and chief operating officer, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
Source: WebMD - 🏆 709. / 51 Read more »
Theranos Jurors Hear About $100 Million DeVos InvestmentOver the first few weeks of the criminal trial of Elizabeth Holmes, the prosecution has been seeking to offer crucial testimony that goes to the heart of the government’s fraud case against the Theranos founder. Follow the latest developments. 🙄 I thought this was about StephenKing!😏 I hope the DeVos family lost every single penny I guess she doesn’t carry enough intelligence to be able to discern a good investment from a speculative scam. This shows a good public school education “Trumps” (pun intended) one of those boutiques she’s been shoving off on the public
Source: WSJ - 🏆 98. / 63 Read more »
This Morning's Eamonn Holmes shocks fans with Covid diagnosis despite being 'double jabbed'Eamonn Holmes covid: Ruth Langsford's husband and This Morning host Eamonn Holmes has tested positive for coronavirus.
Source: hellomag - 🏆 24. / 68 Read more »
Royal Experts and Correspondents Say the Palace Has Been 'Misleading' About the Queen's HealthAccording to royal experts and correspondents, the Palace was 'misleading' about the Queen's recent hospitalization.
Source: Cosmopolitan - 🏆 725. / 51 Read more »
Facebook invests billions in metaverse efforts as ad business slowsFacebook Inc said on Monday it will start breaking out the financials for its virtual and augmented reality unit, an announcement that comes as its main advertising businesses face 'significant uncertainty.'
Source: Reuters - 🏆 2. / 97 Read more »