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2026-09-13 18:52:02 UTC
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Evan Prodromou πŸ‡¨πŸ‡¦πŸ‡ΊπŸ‡ΈπŸ‡¬πŸ‡·πŸ‡΅πŸ‡Έ on Nostr: Quick recap on the case: Elizabeth Holmes founded blood-testing company Theranos as a ...

Quick recap on the case: Elizabeth Holmes founded blood-testing company Theranos as a Stanford dropout. She raised $700M from venture capital and private investors including $100M from former Secretary of Education Betsy DeVos. Holmes was accused of fraud for overstating the capabilities of the Theranos equipment. She was convicted and given an 11-year prison sentence:

https://en.wikipedia.org/wiki/Elizabeth_Holmes

https://en.wikipedia.org/wiki/Theranos