Elizabeth Holmes Founder of Theranos, he went to jail today. A former manager convicted of defrauding investors has entered Bryan Women’s Prison in Texas, where she will serve her sentence 11 years in prison for fraud. With his Theranos, Holmes charmed Silicon Valley and Wall Street with his promise Revolutionizing the medical laboratory industry. Other famous names such as Rupert Murdoch and former Secretary of State Henry Kissinger believed it. Article series by Wall Street Journal In 2015, this caught the attention of the authorities who started investigating and finding out Behind the promises there was nothing real.
Holmes, now 39, has two children with husband Billy Evans: William born in July 2021, a few weeks after the trial began, and Invicta born just three months earlier. He created Theranos when he was just 19 years old when he decided to drop out of Stanford University To dedicate himself to starting his company (The story is told in the podcast and TV series leakage). The project was to revolutionize healthcare with technology capable of this Detect diseases quickly by drawing a few drops of blood With a finger prick.
The allure of this revolutionary idea allowed Holmes, who was accompanied on this adventure by Ramesh “Sunny” Balwani, to raise nearly a billion dollars from investors. In 2014, at the height of his fame, Theranos has been estimated to be worth around $4.5 billion. But it was a huge house of cards in which the articles were Wall Street Journal Investigations by the US Department of Justice led to the collapse. Holmes’ first convictions came in 2022: Now for the woman who wanted to be an iconLike Steve Jobs, the prison gates open.
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