Elizabeth Holmes, the founder and CEO of Theranos, the failed blood-testing company at the center of her downfall, will be sentenced Friday.
of four counts of fraud for misleading Theranos investors about the company's technology and its financial health. She faces a potential maximum of 20 years in prison.
The sentence will close one chapter of the Theranos saga, in which the failed blood-testing company came to be valued at as much as $9 billion before it collapsed in scandal and fraud. Founded in 2003 by Holmes, then a student at Stanford University, Theranos managed to grow rapidly, thanks in part to unchecked hype and the charisma of its creator. Holmes successfully pitched investors and influential members of society, including two former senators and former Secretary of State Henry Kissinger, who became board members, that Theranos' technology could use a drop of blood to instantly test for a host of medical conditions.
But the technology was faulty. Whenever someone would ask how Theranos could do what it purported to do, Holmes and others would respond that discussing the inner workings of their machines would reveal trade secrets. Theranos had simply repurposed commercially available blood analysis technology to run on smaller amounts of blood,
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »
Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »
Elizabeth Holmes faces 15 year sentence in Theranos fraudA federal judge will decide today whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »
Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »
Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »
Elizabeth Holmes faces judgment day for her Theranos crimesA federal judge on Friday will decide whether disgraced Theranos CEO Elizabeth Holmes should serve a lengthy prison sentence for duping investors and endangering patients while peddling a bogus blood-testing technology.
Leer más »