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- SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her company’s technology and business dealings.
www.nytimes.com › 2022/11/18 › technologyElizabeth Holmes Is Sentenced to More Than 11 Years for Fraud
Nov 18, 2022 · SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, was sentenced to more than 11 years in prison on Friday for defrauding investors about her...
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Jul 11, 2023 · Disgraced Theranos CEO Elizabeth Holmes apparently has been behaving well enough so far during her more than 11-year prison sentence for duping investors in her blood-testing hoax to be eligible for release nearly two years ahead of schedule, according to federal officials.
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Holmes was once known as the youngest female self-made billionaire, who modeled herself afterSteve Jobs, adopting his signature black turtlenecks as part of her own style. Holmes dropped out of Stanford University at 19 to start her own medical diagnostics company. According to "Bad Blood: Secrets and Lies of a Silicon Valley Startup" – a book writ...
As it turns out, the technologydeveloped by Theranos didn't work. An explosive investigation by The Wall Street Journalrevealed that employees expressed doubt about the machine's capabilities, but company management and lawyers reportedly silenced and threatened them. One of Theranos' employees, a British biochemist who repeatedly voiced his concer...
In 2018, the United States District Court of San Jose indictedHolmes and Balwani for committing fraud against investors, doctors, patients and media. The indictment states that they lied about the efficacy of the technology, the financial health of the company, and the state of its partnerships with the Department of Defense and Walgreens. The tria...
- Michelle Shen
- Trending News Reporter, Economy & Consumer
Jan 3, 2022 · SAN JOSE, Calif. — Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, was found guilty of four of 11 charges of fraud on Monday, in a case that came to symbolize the...
May 30, 2023 · Disgraced Silicon Valley superstar Elizabeth Holmes has surrendered to federal prison in Texas to begin serving a 11-year term for defrauding investors with her once high-flying blood-testing...
Feb 26, 2022 · Elizabeth Holmes was accused of intentionally deceiving patients and investors about the capabilities of her blood-testing startup Theranos Inc., which promised to revolutionize...
Nov 22, 2021 · Elizabeth Holmes, the founder of the blood testing start-up Theranos, arrived in court on Monday for her second day of testimony. She came with her mother, Noel Holmes, and another person who...
