New text messages between Elizabeth Holmes, Theranos founder, and Sunny Balwani, her ex-boyfriend, have been discovered.
CNBC obtained the nearly 600 pages of text and Skype messages between June 2011 - July 2016 earlier this week.
These texts show how Holmes maintained complete faith in her blood-testing business despite it collapsing in 2015
One notable text is that Holmes, Balwani, stated in November 2014 that she believed her best business person of 2014. This was a very ironic statement considering Holmes and Theranos fates.
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A Wall Street Journal reporter published a story about the huge problems plaguing Holmes and Theranos less than a year after the message was sent. The company was under investigation by the Food and Drug Administration (FDA), the Centers for Medicare & Medicaid Services (CMS) and the Securities and Exchange Commission.
Theranos' original goal was to create a small lab on a chip that could deliver precise dosages of different medications and scan for blood changes. This is a potentially groundbreaking piece of medical equipment.
Despite billions of dollars being invested in the venture, the idea did not materialize. According to a statement made at that time, both Holmes and Balwani were indicted by the SEC for massive fraud.
Holmes appeared confident about her company's future, even though she was facing legal problems less than a full year prior to the scandal.
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My new life, as of tonight and forevermore: complete confidence in myself. Focus details excellence don't give what anyone thinks. Engage employees in meetings with stories and making it personal (ie prepare well), Holmes texted Balwani.
Even though she was not able to get a response, she had to continue the conversation ten minutes later.
Balwani responded with an amazing. You r listening and paying close attention
Holmes appeared to not have any idea how far her billion-dollar venture would fall. She went from being self-described business person of year to having one the most discrediting reputations in Silicon Valley within a year.
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However, they now face the consequences of their actions. The Holmes trial began in August. Balwani will stand trial sometime next year.
READ MORE: Elizabeth Holmes' private texts show that she described herself [CNBC] as the best businessperson of the year.
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