Elizabeth Holmes: Difference between revisions

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In October 2015, American journalist John Carreyrou published an article that exposed company fraud from Theranos. The article made allegations that the company recorded inaccurate results and substituted commercially available machines manufactured by other companies during testing. Stanford professor, John Ioannidis also wrote in a peer-viewed medical journal that their claims are "exaggerated". By 2016, Holmes' net worth dropped from an estimated $4.5 billion to literally zero.

In 2018, she was ~~evenutally found guilty of~~ four counts of wire fraud. She is currently awaiting sentencing. Theranos' chief operating officer, Ramesh Balwani was also charged with fraud and his trial began in March 2022.

In 2018, she was charged with four counts of wire fraud. She was convicted of defrauding investors, but not patients, in 2022 and is currently awaiting sentencing. Theranos' chief operating officer, Ramesh Balwani was also charged with fraud and his trial began in March 2022.

== In Popular Culture ==

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 In October 2015, American journalist John Carreyrou published an article that exposed company fraud from Theranos. The article made allegations that the company recorded inaccurate results and substituted commercially available machines manufactured by other companies during testing. Stanford professor, John Ioannidis also wrote in a peer-viewed medical journal that their claims are "exaggerated". By 2016, Holmes' net worth dropped from an estimated $4.5 billion to literally zero.
-In 2018, she was evenutally found guilty of four counts of wire fraud. She is currently awaiting sentencing. Theranos' chief operating officer, Ramesh Balwani was also charged with fraud and his trial began in March 2022.
+In 2018, she was charged with four counts of wire fraud. She was convicted of defrauding investors, but not patients, in 2022 and is currently awaiting sentencing. Theranos' chief operating officer, Ramesh Balwani was also charged with fraud and his trial began in March 2022.
 == In Popular Culture ==