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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 ...
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
Elizabeth Holmes was born on February 3, 1984, in Washington, D.C. [12] Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal.
Theranos presents a perfect example of the pitfalls of the new dynamic. First, the promise of disruption. In this case, the target was the medical testing industry.
Theranos promised that a drop of blood could yield many health secrets. RapidEye/E+ via Getty ImagesOne of the most high-profile trials of the year is underway to decide whether Theranos founder ...
The book was included on end-of-year lists, including the New York Post ' s list of the 28 most unforgettable books of 2018, [12] NPR's Guide To 2018's Great Reads, [13] and The New York Times Book Review 's 100 Notable Books of 2018. [14] The book also won the 2018 Financial Times and McKinsey Business Book of the Year Award. [15] [16]
Lawyers for Elizabeth Holmes were unsuccessful in their last-ditch attempt to have her fraud conviction tossed, bringing the disgraced Theranos founder one step closer to serving jail time. Jurors ...