g5000
Diamond Member
- Nov 26, 2011
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Former Theranos CEO Elizabeth Holmes was sentenced to more than 11 years in prison Friday for misleading investors regarding her blood-testing start-up.
The entrepreneur — who started Theranos as a Stanford University dropout and grew it into a company with a peak valuation of $9 billion — was convicted in January of misleading investors that her technology could run hundreds of tests from just a few drops of blood. In reality, the company was relying on technology from other companies to run the tests.
Holmes got way out over her skis.
Her lover has also been tried and convicted, which is good. His sentencing is in December.
What a creepy relationship that was.