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Tale: Elizabeth Holmes reported to jail Tuesday to get started serving her 11-yr sentence for fraud.
The 39 12 months-outdated shot to fame as the chief executive of the now-defunct blood-screening startup Theranos, a company at the time valued at $9 billion.
Holmes experienced boasted Theranos would revolutionize health care diagnoses with just a simple pinprick, with equipment she explained could operate a battery of checks with just a handful of drops of blood.
But the company collapsed right after a sequence of content articles in the Wall Road Journal in 2015 questioned the technologies.
Holmes – at the time the world’s youngest female self-made billionaire – was subsequently convicted of fraud at trial in California final year. Prosecutors explained that Holmes misrepresented Theranos’ engineering and finances.
She testified in her own protection and explained she thought her statements ended up exact at the time.
Holmes is desirable her conviction and a number of the judge’s rulings from her demo.
Her co-defendant was former Theranos President Ramesh ‘Sunny’ Balwani.
He was convicted of defrauding investors and individuals at a independent demo, and sentenced to just less than 13 years in jail.
He started serving his sentence in April.
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