Theranos founder Elizabeth Holmes likely to serve her prison term in Texas
who founded Theranos Inc. at 19 is the focus of documentaries and TV specials.
Holmes, once heralded as the youngest female self-made billionaire, and the health technology company's former president and chief operating officer, Ramesh"Sunny" Balwani, were indicted June 15, 2018, on nine counts ofTheranos founder and CEO Elizabeth Holmes arrives to federal court in San Jose, Calif., Friday, Nov. 18, 2022.
"Over the course of many years, Elizabeth Holmes defrauded dozens of investors of hundreds of millions of dollars," Holmes' sentencing memorandum states."Time and again, she chose deceit over candor. She forged her own endorsements. She preyed on hopes of her investors that a young, dynamic entrepreneur had changed healthcare. She leveraged the credibility of her illustrious board.
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