Elizabeth Holmes

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Elizabeth Holmes
Elizabeth Holmes 2014 cropped.jpg
Holmes backstage at TechCrunch Disrupt San Francisco in 2014
Elizabeth Anne Holmes

(1984-02-03) February 3, 1984 (age 39)
EducationStanford University (dropped out)
OccupationHealth-technology startup founder
Years active2003–2018
TitleFounder and former CEO of Theranos
Billy Evans (m. 2019)
Partner(s)Ramesh Balwani (2003–2016)

Elizabeth Anne Holmes (born February 3, 1984)[1] is a former American businesswoman and convicted fraudster. She was the founder and CEO of Theranos, a now-defunct health technology company.[2][3]

In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America.[4]

After revelations of potential fraud in Theranos' claims, in 2016 Forbes revised its estimate of Holmes' net worth to zero.[5] Fortune named her one of the "World's Most Disappointing Leaders".[6]

Trial[change | change source]

The case of U.S. v. Holmes, et al., began on August 31, 2021.[7] A trial was held in a lower court in the federal court system.

A former manager of Theranos gave testimony (in court) on September 17.[8] She said "that she made Holmes [...] aware of serious failings of" blood-testing machines from Theranos; claims made by the former manager "were backed up [...] by emails [showed to jurors or] displayed for jurors", media said.[8]

Conviction[change | change source]

Holmes was convicted of four counts of fraud and conspiracy in January 2022.[9] She has to report to prison on May 30, 2023; She has appealed her case; The lower court gave her a prison sentence of 11 years 3 months.[10][11]

She is home on bail.[7][12][13] She can get a maximum sentence of twenty years in prison, and a fine of $250,000.[7][13]

References[change | change source]

  1. "The rise and fall of Elizabeth Holmes, who started Theranos when she was 19 and became the world's youngest female billionaire before it all came crashing down". Business Insider. Archived from the original on September 5, 2018. Retrieved September 6, 2018.
  2. Levine, Matt (March 14, 2018). "The Blood Unicorn Theranos Was Just a Fairy Tale". Bloomberg View. Archived from the original on March 14, 2018. Retrieved March 14, 2018.
  3. Abelson, Reed (April 24, 2016). "Theranos's Fate Rests With a Founder Who Answers Only to Herself". The New York Times. Archived from the original on June 13, 2018. Retrieved April 30, 2016.
  4. "Forbes Announces Inaugural List Of America's 50 Richest Self-Made Women". Forbes. May 27, 2015. Archived from the original on September 9, 2018. Retrieved September 8, 2018.
  5. Herper, Matthew (June 1, 2016). "From $4.5 Billion To Nothing: Forbes Revises Estimated Net Worth Of Theranos Founder Elizabeth Holmes". Forbes. Archived from the original on December 16, 2019. Retrieved January 6, 2017.
  6. "The World's 19 Most Disappointing Leaders". Fortune. March 30, 2016. Archived from the original on November 23, 2016. Retrieved December 2, 2016.
  7. 7.0 7.1 7.2 "U.S. v. Elizabeth Holmes, et al". www.justice.gov. 2021-06-21. Retrieved 2021-07-29.
  8. 8.0 8.1 https://www.bloomberg.com/news/articles/2021-09-18/ex-theranos-manager-tells-of-unrelenting-pressure-from-holmes. Retrieved 18 August 2021
  9. "Former Theranos CEO Holmes guilty of fraud and conspiracy". AP NEWS. 2022-01-03. Retrieved 2022-01-04.{{cite web}}: CS1 maint: url-status (link)
  10. Descalsota, Marielle (November 23, 2022). "Judge proposes Theranos CEO Elizabeth Holmes serve her 11-year sentence in a 'minimum-security' Texas prison camp". Yahoo! News. Retrieved November 23, 2022.
  11. https://www.bbc.com/news/world-us-canada-65620371. BBC.com. Retrieved 2023-05-18
  12. Erin Griffith (January 3, 2022). "Elizabeth Holmes is found guilty of four counts of fraud". The New York Times. Retrieved January 4, 2022.
  13. 13.0 13.1 Electronic Case File Entry No. 756, login required

Other websites[change | change source]