Theranos Founder Elizabeth Holmes , Set to Begin Her 11-Year Prison Sentence.
On May 30, disgraced Theranos founder
Elizabeth Holmes is scheduled to report to prison
to begin her sentence of at least 11 years. .
NBC reports that Holmes was found guilty
of four counts of wire fraud last January.
The conviction concluded a story that began in 2003 when
Holmes founded the company she promised would diagnose
a number of conditions with just a small amount of blood.
The conviction concluded a story that began in 2003 when
Holmes founded the company she promised would diagnose
a number of conditions with just a small amount of blood.
Theranos, which was valued at over $9 billion,
had a number of high-profile investors that
included Rupert Murdoch and the Walton family.
Theranos, which was valued at over $9 billion,
had a number of high-profile investors that
included Rupert Murdoch and the Walton family.
NBC reports that the company's board included two
former secretaries of state, two former senators
and former Defense Secretary James Mattis.
NBC reports that the company's board included two
former secretaries of state, two former senators
and former Defense Secretary James Mattis.
In 2018, Holmes and Theranos COO Ramesh "Sunny" Balwani
were charged with securities fraud by
the Securities and Exchange Commission. .
In 2018, Holmes and Theranos COO Ramesh "Sunny" Balwani
were charged with securities fraud by
the Securities and Exchange Commission. .
In June of 2018, both Holmes and Balwani
were indicted on federal fraud charges. .
In June of 2018, both Holmes and Balwani
were indicted on federal fraud charges. .
NBC reports that Holmes
is now due to report at
a minimum-security prison in Texas. .
According to a recent New York Times profile on
Holmes, she still holds on to her ambitious goal
of contributing to the medical technology industry.
According to a recent New York Times profile on
Holmes, she still holds on to her ambitious goal
of contributing to the medical technology industry.
I still dream about being able
to contribute in that space.
I still feel the same calling
to it as I always did and
I still think the need is there, Elizabeth Holmes, Former Theranos founder, via 'The New York Times'.
I still dream about being able
to contribute in that space.
I still feel the same calling
to it as I always did and
I still think the need is there, Elizabeth Holmes, Former Theranos founder, via 'The New York Times'