Elizabeth was once a billionaire. Learn where her finances stand now that she’s behind bars.<\/p>\n
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Elizabeth Holmes <\/strong><\/a>was once a respected CEO who created what seemed like a medical revolution for detecting diseases. However, it turned out to be inaccurate. It was eventually discovered that her company Theranos’ machine, the Edison, was not functional. Elizabeth is still serving time in prison for being charged with fraud and conspiracy to commit wire fraud. Learn more about her net worth below.<\/p>\n In 2014, Elizabeth, who founded Theranos, claimed that her company had a testing device called the Edison that could easily detect cancer and diabetes by taking a finger prick of blood. What seemed like a medical revolution turned out to be false. The former Theranos CEO was found guilty on four counts, partly due to defrauding investors, which caused them to lose hundreds of millions of dollars. Three of the four counts were related to wire fraud, and the fourth was for conspiracy to commit wire fraud due to providing false hope to her investors. U.S. Attorney Stephanie Hinds<\/strong> stated: “The guilty verdicts in this case reflect Ms. Holmes’ culpability in this large-scale investor fraud and she must now face sentencing for her crimes,” as reported by NPR. <\/a>In 2022, she got a jail sentence that was 11 years and 3 months long.<\/p>\n <\/a><\/p>\n A post shared by BBC News (@bbcnews)<\/a><\/p>\n<\/div>\n<\/blockquote>\nWhat Did Elizabeth Holmes Do?<\/h2>\n
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