Elizabeth Holmes Biography
Elizabeth Holmes, born on February 3, 1984, is an American former biotechnology entrepreneur.
As the founder and CEO of the blood testing business Theranos, she attracted much attention.
Holmes asserted that Theranos has created cutting-edge blood testing techniques that used just a little amount of blood drawn from a fingerstick. The company’s value skyrocketed, and she became known as the nation’s youngest self-made female billionaire.
However, in 2015, regulatory agencies and investigative journalists started casting doubt on Theranos’ assertions and the precision of its technology.
Investigations that were conducted afterwards allegedly found evidence of fraud, including claims that Holmes had misled investors and the government over the capabilities of Theranos’ blood-testing equipment.
In 2018, the U.S. Securities and Exchange Commission (SEC) accused Holmes and Ramesh “Sunny” Balwani of committing a “massive fraud” including fabricated or exaggerated claims on the accuracy of Theranos’ technology.
Holmes agreed to a suspension from her position as an officer or director of a public corporation in exchange for paying a fine, returning shares to the firm, giving up voting authority, and admitting guilt.
In the U.S. v. Holmes, et al. case in 2022, Holmes was the subject of a prominent trial. Despite being cleared of scamming patients, she was found guilty of defrauding investors.
Holmes was given an 11+4-year prison term, with her first day of incarceration set for May 30, 2023. Along with Balwani, she was also penalised and required to make amends to the victims.
A lot of media attention has been paid to Holmes’ career as well as the rise and fall of Theranos. Theranos’s scandal has been covered in books, films, podcasts, and a miniseries, such as John Carreyrou’s “Bad Blood: Secrets and Lies in a Silicon Valley Startup” and the HBO documentary “The Inventor: Out for Blood in Silicon Valley.”
Elizabeth Holmes Wiki
|February 3, 1984||Elizabeth Holmes is born in Washington, D.C.|
|2003||Holmes founds Real-Time Cures, later renamed Theranos, with the goal of revolutionizing healthcare|
|December 2004||Holmes raises $6 million in funding for Theranos|
|July 2011||George Shultz joins Theranos’s board of directors|
|September 2013||Theranos announces a partnership with Walgreens for in-store blood sample collection centers|
|October 2015||The Wall Street Journal publishes an article raising doubts about Theranos’s technology|
|July 2016||CMS bans Holmes from owning, operating, or directing a blood-testing service|
|March 2018||SEC charges Holmes with fraud; she settles the lawsuit and agrees to penalties|
|June 15, 2018||Holmes and Ramesh Balwani are indicted on wire fraud charges|
|January 2022||Holmes is convicted of defrauding investors in U.S. v. Holmes, et al. trial|
|May 30, 2023||Holmes begins serving her 11+1/4-year prison sentence|
Does Elizabeth Holmes Have Siblings?
Yes, Elizabeth Holmes has a younger brother named Christian Holmes. He is reported to have worked at Theranos as a Product Manager from 2012 to 2016.
Duke University conferred a degree on Christian Holmes V. His sister’s company, Theranos, hired him despite the fact that he had no prior background in the medical field.
The first episode of the new season of “The Dropout” features Christian Holmes, the younger brother of Theranos founder Elizabeth Holmes. He briefly appears in the early episodes before joining Theranos.
Christian doesn’t significantly affect the plot or how the company runs, but his presence provides some insight into the work environment at Theranos.
Sam Straley, who portrays the role of Christian in “The Dropout,” is an actor. Straley is most remembered for his role as Lawrence Cleary in the TV show “The Kids Are Alright.”
He joined the company as an Associate Director of Product Management. He was initially promoted to Director of Product Management before being appointed Director of Commercial Operations.
Christain has mostly kept himself away from his sisters life and has a private lifestyle. He prefers to keep his life away from the media and public as much as she can.