Elizabeth Holmes, the youngest billionaire to fool the world, has been sentenced to life imprisonment. How did a 19-year-old girl fool the world to become a billionaire?
According to foreign media reports, Elizabeth Holmes, who wanted to be Steve Jobs, even dressed like him and became the youngest self-made billionaire in history, but her ‘revolution’ in the world of medicine. “It was, in fact, a hoax, and now that the veil has been lifted, Elizabeth is facing 20 years in prison and millions of dollars in fines.
Elizabeth Holmes’ company, Theranos, was worth 9 9 billion, claiming that her technology could perform hundreds of tests with just a few drops of blood, even diagnosing high levels of cancer and high cholesterol.
In fact, it was a lie and deception that led to the investment of millions of dollars in Elizabeth Holmes’ company by big personalities and technology companies.
In August 2015, the US Department of Health and Human Services (FDA) launched an investigation into Thiranos, which revealed that it had “major flaws” in its test system. Wall Street Journal journalist John Carew also published an investigation that led to the company’s downfall.
The Wall Street Journal is owned by the News Corporation, which is owned by media personality Rupert Murdoch.
According to media reports, Rupert Murdoch, the owner of Wall Street General, also had an investment in Theranos.
Elizabeth Holmes was informed that the news was about to be published in the Wall Street Journal, so she contacted Murdoch directly and demanded that the news be stopped, which Murdoch said he trusted his editor, if the news. If there is any shortcoming or error, they will not publish it, but this news was published and proved to be an ‘atom bomb’ for Theranos.
Journalist Carrero said in the report that Theronos’ blood testing machine ‘Edison’ could not give accurate results. So for the samples we get, we use the same traditional machines that give the results that everyone is using, but it is obvious that these results are actually due to their ‘modern technology’.
Holmes was banned from the lab testing industry for two years in July 2016, and Theranos was shut down in October, as well as its lab operations and centers.
Following the completion of the investigation, in March 2018, Thernos, Elizabeth Holmes and Ramesh Balwani were charged with ‘open fraud’ by the Securities and Exchange Commission.
Following the lawsuit, Elizabeth relinquished all of her financial assets and rights to the company, paid a 500,000 fine, and later returned تھی 18.9 million in shares of Theranos.
Elizabeth has been banned from becoming a director or officer of any company for 10 years by the US authorities for open cheating, but she is still facing life imprisonment and fines.
In mid-2019, Elizabeth married William Evans, 27, the son of the Evans Hotel Group owner, and the two are currently living in San Francisco.
But the biggest question that still stands today is how did a 19-year-old girl fool the world’s biggest personalities?