LOGO WITH TEXT
  • Home
  • Privacy Policy
    • Disclaimer
  • About Us
    • Contact Us
  • Categories
  • Malaysia
Menu
  • Home
  • Privacy Policy
    • Disclaimer
  • About Us
    • Contact Us
  • Categories
  • Malaysia
Search
Home Business

Elizabeth Holmes Sentenced to 11 Years in Prison for Theranos Fraud [Latest 2022]

Planetic Net by Planetic Net
November 19, 2022
in Business, Copyright, Elizabeth Holmes, Fact, Fraud, Health care, History, NPR, Prosecutor, Sam Bankman-Fried, Sexism, Silicon Valley, Technology, Theranos, Uncategorized, Whistleblower
501
0
gettyimages aa c f ac fb b decccf f d c b x

gettyimages aa c f ac fb b decccf f d c b x

422
SHARES
1.1k
VIEWS
Share on FacebookShare on TwitterShare on WhatsappShare on TelegramShare on EmailShare on Wechat

In January, a jury convicted Holmes on four wire fraud-related counts for her role in deceiving investors about a supposedly groundbreaking technology that could scan for hundreds of conditions with just a few drops of blood. It is a feat laboratory scientists around the world for years have tried to accomplish, but Holmes, a Stanford dropout, claimed she had perfected it.

She drummed up nearly $1 billion in investment based on the premise that her proprietary blood-testing devices would revolutionize health care, but prosecutors argued during the trial that Holmes fudged test results, flagrantly lied about the capabilities of her tests and tried to cover it up when whistleblowers and journalists began drew scrutiny to what was really going on at the company.

It is nearly unheard of in Silicon Valley for an executive to face criminal prosecution in the wake of a business collapse. But legal experts said the egregiousness of Holmes’ crimes, and the fact that she was operating in the highly-regulated health care world, made the Theranos case exceptional.

Still, Holmes’ prosecution stirred debate in tech circles about possible sexism, with some wondering why men who led tech startups that failed after unrealized promises have never faced criminal charges.

There appears to be more scrutiny on high-flying tech startups now, however. The Justice Department is reportedly investigating the now-bankrupt FTX, an exchange for trading crypto. Its recent implosion wiped out former CEO Sam Bankman-Fried’s wealth of $16 billion, which Bloomberg called “one of history’s greatest-ever destructions of wealth.”

Federal investigators are probing the unwinding of the company, with the specter of possible criminal charges being discussed among legal experts.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Previous Post

nytimes.com [Latest 2022]

Next Post

You Won’t Believe (Or Maybe You Will) What Our Favorite Teachers Used To Get Away With [Latest 2022]

Related Posts

AdobeStock scaled
Boston

Judge dismisses parents’ lawsuit over popular reading curricula [Latest 2022]

by Planetic Net
May 31, 2025
What are Learning Styles
Time

nytimes.com [Latest 2022]

by Planetic Net
May 30, 2025
AdobeStock scaled
Charter school

Dystopian Teacher Tales: The La Jollan Educational Missionary Society [Latest 2022]

by Planetic Net
May 30, 2025
Treasure Island San Francisco x
Chough

SF Planned to Improve Treasure Island’s Transit. Trump Took Back the Funds [Latest 2022]

by Planetic Net
May 30, 2025
AI SONGS cjlw facebookJumbo
Time

nytimes.com [Latest 2022]

by Planetic Net
May 29, 2025
AdobeStock scaled
Daily Dispatch

The Daily Digest: May 29, 2025 [Latest 2022]

by Planetic Net
May 29, 2025
blooms taxonomy verbs
Backward design

100+ Bloom’s Taxonomy Verbs For Critical Thinking [Latest 2022]

by Planetic Net
May 29, 2025
AdobeStock scaled
Child development

Instructional Coaching: Job-Embedded professional learning and compensation [Latest 2022]

by Planetic Net
May 29, 2025
Next Post
You Wont Believe Or Maybe You Will What Our Favorite Teachers Used to Get Away With

You Won't Believe (Or Maybe You Will) What Our Favorite Teachers Used To Get Away With [Latest 2022]

Best Online Timers for the Classroom

The Unsuckification Of Learning: Corporate Training Is No Longer Something We Merely Endure [eBook Launch] [Latest 2022]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

AdobeStock scaled

Judge dismisses parents’ lawsuit over popular reading curricula [Latest 2022]

May 31, 2025
What are Learning Styles

nytimes.com [Latest 2022]

May 30, 2025
AdobeStock scaled

Dystopian Teacher Tales: The La Jollan Educational Missionary Society [Latest 2022]

May 30, 2025
  • Trending
  • Comments
  • Latest
gettyimages custom e a d a b e d d a a x

Is Your House at Risk of a Wildfire? This Online Tool Could Tell You

0
indicators of authentic mobile learningc

9 Indicators Of Authentic Mobile Learning

0
Books to Read to Comfort After a Tragedy

Books to Read With Kids After a Tragedy

0
GettyImages

Generating Leads With An Authoring Tool Listing In The eLearning Industry Directory

0
AdobeStock scaled

Judge dismisses parents’ lawsuit over popular reading curricula [Latest 2022]

May 31, 2025
What are Learning Styles

nytimes.com [Latest 2022]

May 30, 2025
AdobeStock scaled

Dystopian Teacher Tales: The La Jollan Educational Missionary Society [Latest 2022]

May 30, 2025
Treasure Island San Francisco x

SF Planned to Improve Treasure Island’s Transit. Trump Took Back the Funds [Latest 2022]

May 30, 2025
LOGO WITH TEXT
Planetic.net | Education is a free website that has been designed to help students and a one stop hub for students seeking for information on scholarship, education, school and university tips and updates on different issues relating to education.
About Us

Useful links

  • Technology
  • Tool
  • Computer
  • Science
  • Robotics
  • Malaysia
  • Leadership

Quick Link

  • Home
  • Privacy Policy
  • Disclaimer
  • About Us
  • Contact Us

Other

  • Main site
  • Technology
  • Education
  • Health & Fitness
  • Travel
  • App

© 2022 Planetic.net. All rights reserved.

Newsletter

WANT MORE?

SIGN UP TO RECEIVE THE LATEST UPDATES AND NEWS, PLUS SOME EXCLUSIVE TIPS!