Theranos CEO Elizabeth Holmes Sentencing News. Holmes is a former founder of Theranos as well as an entrepreneur. Elizabeth convicted criminal fraud due to that she had to face sentencing and trial. Furthermore, She was a chief executive officer (CEO) of Theranos company. Theranos was an American private held company.
Elizabeth Holmes has became a youngest female self made billionaire at 19 as per Forbes. Though after everything collapsed, She was named as ‘world’s 19 most disappointing leader’ on feature article of Fortune and Forbes magazine.
A Stanford University drop out Elizabeth settled up a company Theranos with a thought she believed herself that she will do something big. Furthermore, in 2009 Ramesh Sunny Balwani joins the Theranos company as president of startup.
Elizabeth Holmes Sentencing News Overview :-
|Topic||Elizabeth Holmes Sentencing|
Theranos CEO Elizabeth Holmes
A nineteen year old girl Elizabeth came up with an idea to start that she may change the world. However, she created a multi-billion dollar company Theranos. In addition, she founded the company that was truly lost. Because, Neither Elizabeth or the company didn’t admit any wrongdoing.
According to Forbes, Theranos Founder Elizabeth charged with $700 fraud In 2014. Besides it, she was nominated as the richest woman of America on September 2014. In addition, The Company raised more than $400 dollar till December 2014.
Theranos CEO Elizabeth Holmes Sentencing
Theranos company was founded by 19 year old Elizabeth Holmes in 2003. Additionally, the company claimed to be devised blood tests. That requires very small amount of blood to performed fast and accurately. But ultimately it was proved wrong.
On Friday, The federal prosecutors inflicted to Theranos founder Holmes to pay $800m in restitution and asking a judge to sentence Holmes to 15 years in Prison.
Elizabeth Holmes Sunny Balwani
Elizabeth and Sunny Balwani was met through Stanford University on a trip to Beijing in 2002. Then, after some time it was revealed that they are romantically involved. Additionally, he joined the company as a chief officer president of Theranos.
Elizabeth Holmes News
The Jury found Elizabeth Holmes guilty. Because she did four count fraud investment and conspiracy. Elizabeth Holmes is sentencing to 20 years prison according to court filled. Furthermore, Theranos gets the approval of test from Food and Drug Administration (FDA)
Elizabeth Holmes Net Worth
Elizabeth Holmes is an American younger self made female billionaire as per Forbes. Therefore, her company Theranos made a valuation of $9 billion. But, coming to 2022 the net worth of Elizabeth Holmes turned to zero because of wire fraud and conspiracy.
A health tech entrepreneur who raised her company Theranos more than $9 billion in funding. Besides it, She promised to revolutionize the medical industry through a small drop of blood test with less price. Initially, she was seen as the second Steve Jobs .
Elizabeth Holmes Movie Bad Blood
Bad Blood is a Hollywood movie based on Elizabeth Holmes’s real story of her company Theranos. Furthermore, an Entrepreuner creates a bio tech company that raised her fame and collects estimated value in billions. Then, Federation agency investigates the company and found a doubt of a scandal.
Elizabeth Holmes in The Dropout
The Dropout is an American drama series based on Elizabeth’s podcasts and news documents while the series was produced by ABC News. Besides it, Elizabeth Holmes, played by Amanda Seyfried is a founder of bio tech company Theranos.
So, the series The Dropout premiered on the streaming platform Hulu. The series was nominated for six primetime Emmy Awards as well as the actress was praised for his acting.
Elizabeth Holmes Husband
Billy Evan is the spouse of a former founder of Theranos company. And also the couple has a child William Holmes Evans who born in 2021 in Redwood city, California. Billy Evan is the heir of Evan hotel groups. which was founded by his grandfather.
Elizabeth Holmes Trial
A Founder of failed blood testing startup, Elizabeth Holmes faces a maximum sentence of 20 years in prison. Recently, Holmes requested to US government for a new trial. Then, she was not allowed by judges for a new trial and sentenced to jail for 20 years. Because she is already on a case of scandal.
Frequently Asked Questions (FAQs)
Q.1 Who is Elizabeth Holmes?
Ans. Elizabeth is a former founder of Theranos and she did wrong doings and fraud in company.
Q.2 Who is Sunny Balwani?
Ans. Sunny Balwani was a former president of Theranos.
Q.1 Who is the husband of Elizabeth Holmes?
Ans. Holmes has married with Billy Evan. And they have a child.
Q.4 Is Bad Blood based on Elizabeth’s real incidents?
Ans. Bad Blood is based on Elizabeth’s real story and her company’s scandal.
Friends, we have mentioned here Elizabeth Holmes and her company Theranos scandal. In addition, she did illegal work in her company and four time fraud investment and conspiracy. So, we hope that you have liked the article and also get the details regarding the Theranos.
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