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It's been 16 years since Holmes founded Theranos, and 12 years since she tested dying cancer . The same legal manoeuvre was used successfully by Ramesh "Sunny" Balwani, Ms Holmes' co-conspirator and former business and romantic partner. In her trial, Elizabeth Holmes managed to pin much of the blame on boyfriend/company president Sunny Balwani. Likewise, employers should maintain policies that strictly prohibit retaliation against whistleblowers and a protocol for addressing whistleblower complaints. Part of the problem seems to have been the secrecy surrounding these types of startups. And heres why. I never get an answer, shrug it off, and decide to stick with the trusted Stanford lab. And if your DAO turns out not to be a good fit anyway? Similarly, one newer DAO is looking to stream movies, use subscription fees to fund original contentand purchase the Blockbuster Video brand name for its platform! Create your free account or Sign in to continue. Apply the 3-Step Problem-Solving Approach to preventing the debacle. If Holmes' appeal is unsuccessful, the US District Court of California has recommended the mother of two serve her time at a federal prison camp in Bryan, Texas, that allows for family visitation. Elizabeth Holmes (L), founder and former CEO of Theranos, leaves the courthouse with her husband Billy Evans after the first day of her fraud trial in San Jose on Sept. 8, 2021. Holmes, 39, was convicted last year on four counts of fraud linked to her failed blood testing start up. The Theranos scandal highlights the need for transparent corporate governance. Theranos' tests were throwing off medical decisions. Had Ms. Holmes and others been receptive to Ms. Cheungs complaints, the company would have benefitted from listening closely to Ms. Cheungs concerns, vetting them carefully and working with her and/or others to address and resolve them. Theranos' revolutionary claim that won over investors was that it could accurately runtestsusing a small amount of blood taken from a poke in the patients finger, instead of a syringe full from a needle stuck in a vein. If they're not, they won't. The pending Elizabeth Holmes jury trial in California exposes a fascinating scheme that allegedly defrauded highly sophisticated investors and had the potential to jeopardize patient health through false blood test results.