In 2014, Elizabeth Holmes rose to prominence. At just 30 years old, he founded Theronos, a company worth $ 9 billion.
The company promised to revolutionize the way the disease is diagnosed. They said they developed a test that could take more than 200 blood samples with a drop of blood. The “Edison test” could detect cancer, HIV and diabetes, and the promises attracted wealthy investors such as Henry Kissinger and Rupert Murdoch.
Holmes was praised. Some referred to her as the “new Steve Jobs”. Forbes magazine described the world’s youngest woman as a “self-made” millionaire, and invited Bill Clinton to discuss local life issues with Jack Ma.
Lies came to the surface
A year later, the empire began to crack.
The Edison experiment proved ineffective. It could not diagnose any diseases, and stories of cheating, lying and deception began to emerge.
According to the indictment Holmes knew the test could not diagnose the disease, but he continued to promote the product, undermining information about missing results. Between 2015 and 2018, corruption grew and eventually the company completely collapsed.
Twelve fraud cases have been registered against Holmes and his then-boyfriend and business partner Ramesh “Sunny” Balwani. If convicted, they could face up to 20 years in prison.
The big unanswered question is why Holmes invested so much in a technology she knew was not going to work.
Elizabeth Holmes is now 37 years old. According to Indictment Holmes and Balwani have to lie to investors, doctors and patients.
In 2019, she was released on bail and married until she was ten years younger. They had a baby in July this year.
The arbitration hearing for the upcoming trial in San Jose, California began Tuesday. The opening speeches are expected to take place on September 8th.
Holmes has never said his side of the story, but it is hoped she will admit her guilt when the trial begins. News agency A.P.
From being a young successful multi-millionaire, to sitting on the dock, has sparked interest around the world, and has produced documentaries, written books and a TV series on suits.
The focus was high when court documents were released last week.
Allegations of mistreatment
Holwyn’s ex-boyfriend and partner, Balwani, appears to have been sexually abused, emotionally and mentally abused, and is said to be very restrained by defenders. Defense says this is beyond Holmes’ ability to make decisions.
Balwani responded harshly to the allegations, calling them hairdressers.
The jury will decide who they trust. Holmes is expected to testify in this case. Balwani’s case will not come to court until January 2022.
Elizabeth Holmes comes from a wealthy home in Washington DC. Both parents worked on Capitol Hill. According to those who knew Holmes as a child, she was polite but shy.
Forbes interviewed a psychiatrist who had known Elizabeth Holmes from an early age. Richard Foys Holmes, a neighbor of the family, says it is a family interested in creating status and networks.
When Elizabeth was nine years old, she must have written a letter to her father telling him that she wanted in life to discover something new that was impossible for mankind.
Elizabeth started in 2002 at the prestigious Stanford University. According to Fois, her parents arranged a place for her there through some back doors.
He studied at Stanford as a chemical engineer. In a school program, he developed the idea for a link that releases antibiotics when needed.
– Determined to his own genius
When he received feedback from Phyllis Gardner, one of the Porsche teachers, that the patch would not work, he rejected the criticism.
– She was completely confident about her own genius. She was not interested in my expertise. It’s so outrageous, Gardner says BBC.
She left a few months later. She was 19 years old and focused on establishing Theronos instead. Impressively, he convinced many wealthy investors of his idea until 2015 when the entire foundation of the company was in place.