![]() It was the duping of those investors that led to her prison sentence and a $452 million restitution bill. Theranos CEO Elizabeth Holmes and former Chief Operating Officer Sunny Balwani addressing the company's staff in 2015īefore those lies were uncovered in a series of explosive articles in The Wall Street Journal beginning in October 2015, Holmes had raised a staggering amount of money from some of the biggest names in business and tech. She had scooped in nearly a billion dollars in funding from some of the world's biggest pockets: venture capitalist titans including Tim Draper, Donald Lucas and Dixon Doll wealthy heirs to the founders of Amway, Walmart and Cox Communications and heavyweights of tech and media such as Larry Ellison and Rupert Murdoch. It was a stunning fall from grace for Holmes who had modelled herself as the next Bill Gates or Steve Jobs and won widespread acclaim - including from Harvard University and Time magazine - for a phoney technology which she claimed would revolutionize blood-testing methods by using miraculously tiny volumes of blood, such as from a finger prick. ![]() Holmes, 39, had dreamed of being a billionaire as a child, hoping to make her stamp on the world in some way.īut as soon as she achieved her dreams, her 'fake it 'till you make it' approach saw everything crumble away as quickly as it was built. This evening she will go to bed behind the walls of a prison cell. ![]() Elizabeth Holmes was once the world's youngest self-made billionaire tipped to revolutionize the health industry as the darling of Silicon Valley. ![]()
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