What Happened to Elizabeth Holmes? Is She a Criminal Fraud? Is Elizabeth Holmes Going to Jail?
Elizabeth Holmes! Does this name ring a bell? Of course, it does. No? Let’s find out.
Elizabeth Holmesis the founder of the company Theranos and was the chief executive officer (CEO) of the same company. Theranos was a health technology company that came into recognition through its valuation rose after claiming that the company could detect diseases with a few drops of blood.
After the recognition of the company, she has been listed among the youngest and wealthiest self-made billionaires. Soon after the fraud, she was listed among “The World’s 19 Most Disappointing Leaders” by Fortune magazine.
According to Elizabeth, during high school, she was interested in computer programming. She dropped out of standard university and used her tuition money to fund her consumer healthcare technology company.
Let’s Gain some Information about the Company Theranos
Theranos was an American private company. The company gained popularity when it claimed it could detect any disease, be it chronic or acute diseases, through a few drops of blood. However, these claims were proven false in the future.
In the year 2003 the company was founded and after the false claiming of the company that it can detect diseases with a few drops of blood the valuation of the company rose to $10billion by 2013. But in the year 2015 medical research professor John Ioannis, and Eleftherios Diamandis, along with investigative journalist John Carreyrou of The Wall Street Journal, raised a question about the validation of the company. Due to defrauding the investors and conspiracy the company was dissolved on 4 September 2018.
Now, Comes the Question: What Happened to Elizabeth Holmes after the Fraud?
Elizabeth was convicted of criminal wire fraud. Out of 11 charges, she was convicted on four counts of charges for defrauding the patients.
Will Elizabeth Go to Jail?
Elizabeth was convicted of wire fraud for defrauding investors and not guilty of defrauding the patients and investors. According to sources, she will be sentenced to 20 years of jail.
Where is Elizabeth Holmes?
Presently Elizabeth is married to William Evans, who is the heir of Evans hotel and Group. She is currently living in her California estate which consists of nine bedrooms along with her husband, baby boy, and two dogs.
Who is Ramesh ‘Sunny’ Balwani? How is He Related to Elizabeth Holmes?
Ramesh ‘Sunny’ Balwani was the ex-President of the company Theranos and ex-boyfriend of Elizabeth Holmes.
Keiko Fujimoto was the former wife of Ramesh ‘Sunny’ Balwani.
Ramesh ‘Sunny’ Balwani and Elizabeth Homes were in a relationship despite the 19 years of the age difference between them. During her trial period, she stated that she was a rape victim during her education at Stanford.
She found Ramesh ‘Sunny’ Balwani to be very comforting and understanding. She also stated that during their relationship Ramesh ‘Sunny’ Balwani sexually abused her.
Ramesh ‘Sunny’ Balwani’s trial started on March 23, 2022.
Ramesh ‘Sunny’ Balwani
Documentary on Elizabeth Holmes
There was a documentary film launched named The inventor: Out for blood in Silicon Valley on Netflix OTT platform.
The whole documentary film was about the dropout from Stanford college, Elizabeth Holmes, and her ex-boyfriend and the COO of the Company Ramesh Sunny Balwani, and how they defrauded the patients and investors and the company collapsed in September 2018. The charges and the trial of Elizabeth Holmes etc were also covered in that documentary.
The Inventor: Out for blood in Silicon Valley
“Dropout” Show on Elizabeth Holmes
A show based on Elizabeth Holmes “The Dropout” is airing on Disney+hotstar.
This show revolves around the past of Elizabeth Holmes and Theranos, conspiracy, etc. This series was based on the podcast The Dropout which was aired on ABC news.
The role of Elizabeth is portrayed by Amanda Michelle Seyfried and the role of Balwani is portrayed by Naveen William Sidney Andrews. The whole season consists of 8 episodes.
Amanda Michelle Seyfried
Naveen William Sydney Andrews
Elizabeth Holmes was convicted of defrauding investors along with the COO of the company Ramesh ‘Sunny’ Balwani. As of now, the founder of Theranos is out on bail but on 26th September 2022, she might get sentenced to 20 years in jail.