Topic: Investor Fraud

1 chapters across the catalog

Cat's Paw
Episode 1505 53:05 - 56:06

1505: Cat's Paw

Elizabeth Holmes, Theranos Fraud Sentencing

Elizabeth Holmes, the founder of the failed blood-testing startup Theranos, was sentenced to 135 months (over 11 years) in federal prison. A judge in San Jose, California, handed down the sentence following her conviction for defrauding investors and conspiracy. The case highlighted the downfall of a company once valued at $9 billion that collapsed in 2018 after its technology was proven bogus.