Six years ago Elizabeth Holmes was set to become Silicon Valley's next tech superstar, now she's accused of masterminding a fraud that duped wealthy investors, former US government officials and patients. 9News
Ms Holmes was accused of masterminding a fraud that duped wealthy investors, former US government officials and patients whose lives were endangered by a blood-testing technology that didn't fulfill what it was promised to do.Elizabeth Holmes allegedly committed fraud that duped wealthy investors, former US government officials and patients.
Ms Holmes' saga peeled back the curtain on a “fake it until you make it" strategy that was adopted by other ambitious startups who believed that with just a little more time to perfect their promised breakthroughs they could join the hallowed ranks of Apple, Google, Facebook and other tech pioneers. Theranos — a name derived from the words “therapy" and “diagnosis"— claimed to be perfecting a technology that could test for hundreds of diseases by extracting just a few drops of blood from a quick finger prick done at “wellness centres" across the US.
Ms Holmes also raised nearly $1.2 billion before Theranos collapsed, triggered by a series of explosive Wall Street Journal articles that revealed serious flaws in the company's technology.
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