Categories: OLD Media Moves

Theranos founder admits she gave Fortune reporter inaccurate info

Theranos founder Elizabeth Holmes admitted on Tuesday that she gave a journalist inaccurate information for a lengthy profile that she used to woo investors, reports Yasmin Khorram of CNBC.

Khorram reports, “With cross-examination wrapping up, Holmes took the stand in her own defense for a sixth day and was questioned by federal prosecutor Robert Leach about the 2014 Fortune cover story, ‘This CEO Is Out For Blood,’ written by Roger Parloff.

“Leach showed jurors part of Parloff’s feature story on Holmes in which she appears in her trademark black turtleneck: ‘It currently offers more than 200 — and is ramping up to offer more than 1,000 — of the most commonly ordered blood diagnostic tests, all without the need for a syringe.’

“‘You agree with me that this was an incorrect statement?’ Leach asked.

“‘I believe that now,’ Holmes said.

“Prosecutors allege Holmes used the Fortune article to entice investors, including it in presentations and binders.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.