Elizabeth Holmes spent years as a successful biotech entrepreneur. Now, she’ll spend the next 11 years in prison.
, went from a billionaire in Silicon Valley to a Bryan, Texas, minimum-security federal prison camp, where she will report Tuesday at 2 p.m. to begin her 11-year sentence.... [+]
revealed the company relied on other blood machines instead of their own device, known as the Edison, and when their machines were in use, patients were receiving inaccurate diagnoses., prompting the closure of 40 Theranos Wellness Centers at Walgreens across Arizona, and Theranos swiftly came under investigation by the Securities and Exchange Commission, the Food and Drug Administration, the Centers for Medicare and Medicaid, Pennsylvania Department of Health and Arizona Department of Health.
Holmes’ defense placed the blame on others for the company’s failure, including Balwani, Theranos’ former COO, also contending he was emotionally and sexually abusive during their relationship.
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