Elizabeth Holmes, tfounder of shuttered blood testing company Theranos, is set to be sentenced on Friday for defrauding investors. It is the latest development in a saga that turned the former billionaire into an emblem of Silicon Valley malfeasance.
The sentencing marks the latest development in athat has turned the former billionaire entrepreneur into an emblem of Silicon Valley malfeasance.
"She repeatedly chose lies, hype and the prospect of billions of dollars over patient safety and fair dealing with investors," Assistant U.S. Attorney Robert Leach wrote in the request last Friday. "Elizabeth Holmes' crimes were not failing, they were lying." In this Oct. 17, 2022, file photo, former Theranos CEO Elizabeth Holmes arrives at federal court in San Jose, Calif.Ultimately, her downfall began in 2015 amid investigations from journalists and regulators over the medical company's faulty product, which claimed to provide accurate information from tests using just a finger-prick of blood.downgraded its assessment of Holmes' net worth from $4.5 billion to $0.
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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.
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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.
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