Prosecutors in a criminal trial against Theranos founder Elizabeth Holmes won’t be allowed to say doctors and insured patients were fraud victims
The judge overseeing a criminal trial against Theranos Inc. founder Elizabeth Holmes and a former top executive at the company narrowed the scope of the charges by ruling that prosecutors can’t argue that doctors and insured patients were defrauded.
In 2018, prosecutors indicted Ms. Holmes and Ramesh “Sunny” Balwani, the former president at Theranos, after a series of articles published by The Wall Street Journal that raised questions about the company’s blood-testing technology. The company moved that year to dissolve.
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