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Disgraced tech entrepreneur reported to prison in Texas minutes before a court-imposed deadline on Tuesday
The terms of Holmes's settlement included surrendering voting control of Theranos, returning 18.9 million shares to the company, a ban on holding an officer or director position in a public company for 10 years, and a $500,000 fine. [64] [65] [66] At its height in 2015, Theranos had more than 800 employees. [67]
Theranos Inc. (/ ˈ θ ɛr. ə n. oʊ s /) was an American privately held corporation [5] that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $9 billion valuation at its peak in 2013 and 2014.
A federal judge on Friday sentenced disgraced Theranos CEO Elizabeth Holmes to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing ...
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.
Theranos founder Elizabeth Holmes married William "Billy" Evans secretly in 2019. The couple had their son, William, in 2021 and daughter, Invicta, in 2023. Elizabeth Holmes’s Husband Billy ...
Channing Robertson, an advisor to Theranos. Serena Stewart, a phlebotomy trainer who trained employees at the Theranos Wellness Centers set up by Walgreens in Arizona. Stephanie Seitz, an ND who discussed the problems with people interpreting and ordering their own labwork, as well as problems with Theranos's inconsistent results in Arizona.
In his Fortune cover story in June 2014 — the piece that really put Holmes and Theranos on the publicity map — Roger Parloff employed the D-word: "Theranos today is a potentially highly ...