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Theranos, which Holmes founded in 2003 at the age of 19, collapsed in March 2018 when she, Balwani and the $9 billion company were charged with fraud by U.S. regulators. Theranos had made Holmes ...
Balwani was in a romantic relationship with Elizabeth Holmes during his tenure at Theranos. [37] [38] Holmes met him in 2002 at age 18, while still in school. He was 19 years older than Holmes and married at the time. [37] Their relationship was not disclosed to their Theranos investors. [39]
Holmes, who started Theranos as a college student and became its public face, was indicted alongside Balwani, her former romantic partner, in 2018. The two were tried separately in 2022, and ...
Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years. [15] Balwani was in a romantic relationship with Holmes during his tenure at Theranos.
Elizabeth Anne Holmes (born February 3, 1984) is an American biotechnology entrepreneur who was convicted of fraud in connection with her blood-testing company, Theranos. [2] The company's valuation soared after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a ...
Theranos, which Holmes founded in 2003 at the age of 19, collapsed in March 2018 when she, Balwani and the $9 billion company were charged with fraud by U.S. regulators. ... Theranos Inc founder ...
Holmes started Theranos in 2003 as a Stanford university dropout. At its peak, Theranos reached a valuation of $9 billion, making Holmes at the time the world’s first self-made female billionaire.
Theranos founder Elizabeth Holmes becomes emotional as she is asked to read romantic texts between herself and ex-boyfriend Ramesh "Sunny" Balwani as she is cross-examined during her trial, in San ...