Elizabeth Holmes was found guilty of 4 of the 11 charges of fraud in the Theranos scandal.
Do you have the impression that the Greeks are cunning and inventive like the ingenious Odysseus? Obviously you have not heard of the scandal Theranos. Theranos was a privately held American company founded in 2003 by 19year then (!!) Elizabeth Holmes. He managed to collect 700 by frauds millions US dollars and at its peak to raise its shares to 10 billion dollars.
Holmes claimed she made an important one discovery στην τεχνολογία υγείας, επινοώντας εξετάσεις αίματος που απαιτούσαν λίγες σταγόνες αίμα σαν δείγμα και μπορούσαν να πραγματοποιηθούν πολύ γρήγορα με μικρές αυτοματοποιημένες συσκευές που είχε αναπτύξει η εταιρεία.
This is how she became the youngest and richest self-made female billionaire for a technology and device that no one had yet seen work. The mockery lasted for 12 years, until in 2015 medical research professors John Ioannidis and Eleftherios Diamantis along with investigative journalist John Carreyrou of Wall Street Journal, αμφισβήτησαν την εγκυρότητα της technology of Theranos.
So the company lost its solvency and faced a series of lawsuits from investors and medical circles in America. The company collapsed and things went to court for infidelity and fraud.
Theranos has been out of business since 2018, but Holmes' criminal trial only began this fall after delays due to the pandemic and the birth of Holmes' child. Over the course of 11 weeks, the prosecution questioned key witnesses such as former Minister DefenseJames Mattis, whistleblower Erica Cheng, Theranos patients, investors, health professionals and journalists.
Holmes argued in the lawsuit that her failure as a startup founder did not mean she had committed fraud. She even said that the COO of Theranos, Ramesh "Sunny" Balwani abused her. Holmes was found guilty of defrauding investors and acquitted of patient fraud charges. A date has not yet been set for Holmes's sentencing.
