Elizabeth Holmes: the false revolutionary

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Elizabeth Holmes is 19 years old and a sophomore at Stanford University when she famously -or should I say infamously?- decides to drop out to start her own company, Theranos. Still a teenager, she convinces her parents to invest her college fund into her dream: creating a device that can detect hundreds of diseases with just a drop of blood. So far it all sounds very noble and admirable, right? But things get ugly when Holmes fails to get her device to work properly and, in order to keep her investors, starts falsifying results and manipulating data.

Somehow, the young woman manages to get taiyuan mobile number database some of the most powerful men in America to invest millions of dollars in a product that never works. But Holmes didn’t just play with the fortunes of old white men: her product failures meant that millions of people received false or grossly inaccurate results about their health, such as a false positive for HIV or a false diagnosis of cancer.

Meanwhile, Holmes was gracing the covers of every magazine as the “youngest self-made billionaire,” fooling everyone for more than a decade. In 2015, a Wall Street Journal article by John Carreyrou exposed wrongdoing at Theranos labs and the company began to receive scrutiny from all media outlets. In 2018, the U.S. Securities and Exchange Commission (SEC) ruled that Holmes had committed massive fraud and the company was shut down for good.

Elizabeth Holmes Forbes
After a lengthy court case, in November of this year the judge in her case sentenced her to 11 years in prison, a sentence well below the maximum 20 years she could face. Holmes’ lawyers asked for a more lenient treatment of their client on account of her being “a well-meaning businesswoman”, now a mother with a second child on the way.