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ELIZABETH ANNE HOLMES | Disgraced Theranos boss guilty of four counts of wire fraud over failed blood testing start-up | Sentenced to over 11 years in prison | Autographed Letter, Signed
LongfellowSerenade 28
Asking yourself whether you're wrong is a really good thing…
If you really feel strong conviction that you're doing the right thing, then keep going.
~ EAH
Elizabeth Anne Holmes, an American biotechnology entrepreneur, was convicted of fraud in connection to her blood-testing company, Theranos. The company's valuation soared after it claimed to revolutionize blood testing by developing methods that required only very small volumes of blood. Holmes was named the youngest and wealthiest self-made female billionaire in the United States in 2015, but Forbes revised her net worth to zero in the following year. In 2018, the U.S. Securities and Exchange Commission charged Theranos, Holmes, and former CEO Ramesh "Sunny" Balwani with raising $700 million from investors through a "massive fraud" involving false or exaggerated claims about the accuracy of the company's blood-testing technology. Holmes was convicted of defrauding investors and acquitted of defrauding patients.
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Elizabeth Holmes. Autographed Letter, Signed. Handwritten, Commercial #10 (4.125 × 9.5 envelope). Houston TX. Pmk: April 26, 2024. Content unknown. SEALED.
Elizabeth Anne Holmes, born on February 3, 1984, is an American biotechnology entrepreneur who was convicted of fraud in connection to her blood-testing company, Theranos.
Theranos claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a fingerprick. In 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in the United States on the basis of a $9-billion valuation of her company. However, in the following year, as revelations of fraud about Theranos's claims began to surface, Forbes revised its estimate of Holmes's net worth to zero.
In 2018, the U.S. Securities and Exchange Commission (SEC) charged Theranos, Holmes, and former Theranos chief operating officer (COO) Ramesh "Sunny" Balwani with raising $700 million from investors through a "massive fraud" involving false or exaggerated claims about the accuracy of the company's blood-testing technology. Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and accepting a ten-year ban from serving as an officer or director of a public company.
In June 2018, a federal grand jury indicted Holmes and Balwani on fraud charges. Her trial in the case of U.S. v. Holmes, et al. ended in January 2022 when Holmes was convicted of defrauding investors, and acquitted of defrauding patients. She was sentenced to serve years in prison, beginning on May 30, 2023. She and Balwani were fined $452 million to be paid to the victims of the fraud.
As of July 11, 2023, Holmes is on track for early release from her 11-year prison sentence due to good behavior. The U.S. Bureau of Prisons currently projects that Holmes will be released from a Bryan, Texas, prison on December 29, 2032.
VIDEO: Elizabeth Holmes: The 'Valley of Hype' behind the rise and fall of Theranos [documentary] | https://youtu.be/to2GSibbrv0
Archiving Protocol:
• Handled with White Gloves ab initio
• Photo Pages/Sheet Protectors: Heavyweight Clear Sheet Protectors, Acid Free & Archival Safe, 8.5 × 11, Top Load
• White Backing Board—Acid Free
Shipping/Packaging: Rigid Mailer 9.5 × 12.5. White, self seal, stay flat, kraft cardboard, no bend. Each rigid mailer is made of heavy cardboard, which has strong resistance to bending and tearing. Thicker that the USPS mailers. Shipping cost never more than it absolutely has to be to get it from me to you.
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