Ever since Theranos shuttered its operations, people have wondered what happened to Elizabeth Holmes’ net worth. The former CEO and founder of the now-defunct Silicon Valley health technology company was once the world’s youngest self-made billionaire women. But now, Elizabeth Holmes’ net worth looks awfully different.
It was around this time that Holmes decided she wanted to pursue medicine like her great-great-grandfather, a surgeon. However, she quickly realized that she was afraid of needles. Later, Holmes revealed that this is what inspired her to launch her company, Theranos, which sought to revolutionize blood testing with technology that purportedly required only a finger pinprick to detect medical conditions from cancer to high cholesterol.
For years, Theranos was shrouded in secrecy; there was no public company website or press releases, and investors were not given any details about how her technology really worked. It wasn’t until 2013 that the public face of Theranos grew when it partnered with Walgreens to establish in-store blood sample collection centers.
Following the WSJ report, the FDA launched an investigation into Theranos. The 2015 investigation resulted in multiple observed violations of FDA Title 21 Regulations. By January of 2016, the Centers for Medicare and Medicaid Services also launched an investigation into a Theranos laboratory in Newark, California, where they uncovered irregularities in testing. Months later, CMS officially banned Holmes from owning or operating a clinical blood-testing laboratory for two years.
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Elizabeth Holmes faces 15 year sentence in Theranos fraudA federal judge will decide today whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology. She should get the Max sentence. Probably wont. Lock... Her... Up!
Source: aldotcom - 🏆 82. / 68 Read more »
Theranos founder Elizabeth Holmes to be sentenced following conviction for fraudElizabeth Holmes, tfounder of shuttered blood testing company Theranos, is set to be sentenced on Friday for defrauding investors. It is the latest development in a saga that turned the former billionaire into an emblem of Silicon Valley malfeasance. I'd still smash If she had got the Head Engineer help, she would had had success. Head Engineer was overwhelmed and stressed. They money she had, she could have hired the Best Hot Shot Engineers to assist. If she had got the Head Engineer help, she would had had success. Head Engineer was overwhelmed and stressed. They had the money, she could have hired the Best Hot Shot Engineers to assist.
Source: ABC - 🏆 471. / 51 Read more »
Elizabeth Holmes faces sentencing after Theranos fraud convictionHolmes was found guilty of misleading Theranos investors about the company’s technology and financial health. She faces up to 20 years in prison. Friday sentencing so she’s gonna get off easy and everyone will forget by Monday Good to see some white collar crime getting a stiff sentence. Why not just say 'today?' Because you have already posted this a dozen times?
Source: NBCNews - 🏆 10. / 86 Read more »
Elizabeth Holmes arrives in court to face sentencing for Theranos fraudTheranos founder Elizabeth Holmes arrived on Friday at a federal courthouse in San Jose, Calif., where she is scheduled to be sentenced for defrauding investors in her now-defunct blood testing startup. Are camera allowed in the court room? Bitch needs to go to prison for that creepy voice alone.
Source: Reuters - 🏆 2. / 97 Read more »
Theranos founder Elizabeth Holmes sentenced to more than 11 years in prison for felony fraudHolmes, 38, is expected to appeal the jury’s January verdict, which resulted in Friday’s sentence. She is pregnant, and the mother of a 15-month-old son born weeks before her trial began.
Source: ladailynews - 🏆 332. / 59 Read more »
Elizabeth Holmes sentenced to 11 years in prison on fraud charges | EngadgetElizabeth Holmes has been sentenced, almost a year after the former Theranos CEO was found guilty on four counts of fraud.. 18 months of house arrest? Ewe 😆 She needs somebody rn to put a lil' money on her books for Doritos and ramen. Might just slip myself into this woman's heart.💵 See ya!
Source: engadget - 🏆 276. / 63 Read more »