Theranos founder elizabeth holmes
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Her ambition was voracious and it brooked no interference. “But in her all-consuming quest to be the second coming of Steve Jobs amid the gold rush of the ‘unicorn’ boom, there came a point when she stopped listening to sound advice and began to cut corners. “I’m fairly certain she didn’t initially set out to defraud investors and put patients in harm’s way when she dropped out of Stanford,” he continued.
#THERANOS FOUNDER ELIZABETH HOLMES TRIAL#
“I’ll leave it to the psychologists to decide whether Holmes fits the clinical profile, but there’s no question that her moral compass is badly askew.” Theranos founder and former CEO Elizabeth Holmes, center, arrives for her trial with her mother Noel Holmes and partner Billy Evans at the Robert F. “A sociopath is often described as someone with little or no conscience,” Carreyrou said in his epilogue. Carreyrou wrote in his 2018 book “ Bad Blood: Secrets and Lies in a Silicon Valley Startup” that Holmes was eventually unable to continue channeling Silicon Valley’s “fake-it-until-you-make-it” culture. Holmes also attempted to accuse Balwani of abuse however, the couples’ text messages seemed to depict a loving relationship.įormer Wall Street Journal investigative reporter John Carreyrou brought many of Theranos’ fraudulent practices to light with a series of articles that began in 2015. Theranos was valued at more than 9 billion at its peak and made Holmes a billionaire on paper before The Wall Street Journal exposed that the technology was failed and it all came crumbly down. Her legal team has argued that “she was merely a young, naïve, ambitious founder who relied too much on others who gave her bad advice” and claimed she lacked experience, according to The New York Times. Holmes’ trial lasted for three months and saw over 30 witnesses testify.
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Holmes also had close ties to the Clinton family and hosted a fundraiser for Hillary Clinton in 2016. Holmes managed to attract several prominent political and business leaders to back her firm - including former Secretary of State George Shultz and former Defense Secretary James Mattis. Department of Justice with nine counts of wire fraud and two counts of conspiracy to commit wire fraud, which altogether. With a $4.5 billion net worth of her own, she once topped Forbes’ list of “America’s Richest Self-Made Women.”
#THERANOS FOUNDER ELIZABETH HOLMES PORTABLE#
Holmes rose to Silicon Valley stardom by deceiving investors into thinking her company’s portable blood analyzer could “conduct comprehensive blood tests” from no more than a few “finger drops of blood.” Before her would-be empire collapsed, Holmes managed to secure a $9 billion valuation for Theranos.