Theranos Criminal Case Is Broader Than Publicly Disclosed, Prosecutors Say
- Defense says U.S. is ‘saving up acorns’ of information
- Judge says ongoing investigation may produce new defendants
Elizabeth Holmes, founder of Theranos, speaks during a Bloomberg Television interview in San Francisco on Oct. 6, 2015.
Photographer: David Paul MorrisThis article is for subscribers only.
The government’s criminal fraud case against former Theranos Inc. Chief Executive Officer Elizabeth Holmes and former President Ramesh “Sunny” Balwani runs deeper than what’s been publicly disclosed, prosecutors said.
After a hearing Friday in San Jose, California, Holmes and Balwani lost a bid to block the Justice Department from combing through more than 200,000 company documents. The judge also ordered lawyers for both sides to work out a procedure by which protected and confidential documents are shielded from prosecutors.