- Product Type: Nonexistent
Theranos was built on the back of its CEO and Founder, Elizabeth Holmes. She is a sociopathic liar who duped investors out of millions. In fact, Theranos was once valued at $9 billion. What was Theranos? They were supposed to be a medical tech company that figured out a way to do blood tests that required very small amounts of blood to work. They would still be accurate and results would come back rapidly. Best of all, it was done using a small automated device. This was all BS, as it did not exist but Holmes managed to sucker $700 million from investors anyway. As a result, Holmes faced numerous lawsuits from the SEC, CMS, State Attorney General, her business partners, and many more. Holmes was found guilty of fraud and conspiracy on 4 counts in January 2022. She didn’t even pay her lawyers for months.