Elizabeth Holmes said that she developed a new generation blood test technology with the health technology company Theranos, which she founded in 2003, and collected millions of dollars in investment. The truth of the matter was realized in 2015: There was neither blood test nor studies were actually real.
Elizabeth Holmes, the founder of Theranos, which closed in a dubious manner in 2018 after it was understood that the whole operation was a major fraud case, increased her personal fortune to $ 4.5 billion (! This) in 2015, with a fraud that went down in the history of the world. She’s now on trial and she’s sentenced to prison.
Holmes sentenced to 11 years in prison
Edward Davila, the judge of the US District Court, who managed the case of Elizabeth Holmes, determined the sentence of Elizabeth Holmes, the billionaire of the 2010s and the fraudster of the 2020s, with the last hearing seen yesterday. She herself was sentenced to a full 135 months, that is, 11 years in prison, she.
Elizabeth Holmes, who was called to surrender on the 27th of last April, cried during her defense, “I loved Theranos very much. It was my life’s work. My work team was everything to me. I am weary of my mistakes. I am very sorry. I gave everything to start my company,” he said. Holmes’ team of lawyers had foreseen that he would be sentenced to a maximum of 18 months upon this defense. However, the sentence was determined by the judge as 135 months.
Who is this Elizabeth Holmes?
American fraudster Elizabeth Anne Holmes announced that they had developed a test kit that could test blood with a small amount of blood taken from the fingertip with a needle, together with the health technology company Theranos, which she founded. Well, of course, this was also a revolution for blood testing.
According to Forbes, the value of Theranos company was $9 billion when it comes to the investors, revenues and donations it received in 2015. Elizabeth Holmes was thus declared the youngest female billionaire.
Also in 2015, several investigative journalists began to uncover scandals that disproved Theranos’ claims that ‘we’ve revolutionized blood testing’ and publicized that Theranos misled investors and the government.
As part of the investigations opened as a result of these allegations, Theranos was closed in 2018 and Holmes’ case, which has been ongoing since then, has now been concluded.
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