Along the way, Holmes became a symbol of the shameless hyperbole that often saturates startup culture.
SAN JOSE, Calif. — As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
Her motives are still somewhat mysterious, and some supporters say federal prosecutors targeted her unfairly in their zeal to bring down one of the most prominent practitioners of fake-it-til-you-make-it — the tech sector's brand of self-promotion that sometimes veers into exaggeration and blatant lies to raise money.
The technology never worked as promised. Instead, Theranos tests produced wildly unreliable results that could have endangered patients' lives — one of the most frequently cited reasons why she deserved to be prosecuted. Holmes also signed off on surveillance aimed at intimidating Theranos employees who helped uncover the flaws with the blood-testing technology. The whistleblowers included Tyler Shultz, the grandson of former Secretary of State George Shultz, whom Holmes befriended and persuaded to join the Theranos board.
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As Elizabeth Holmes heads to prison for fraud, questions remain about her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
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As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year sentence represents a comeuppance for the wide-eyed woman who broke through “tech bro” culture to become one of Silicon Valley’s most celebrated entrepreneurs, only to be exposed as a fraud. Along the way, Holmes became a symbol of the shameless hyperbole that often saturates startup culture. But questions still linger about her true intentions — so many that even the federal judge who presided over her trial seemed mystified. And Holmes’ defenders continue to ask whether the punishment fits the crime.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase. The 11-year sentence represents a comeuppance for the wide-eyed woman who broke through “tech bro” culture to become one of Silicon Valley’s most celebrated entrepreneurs, only to be exposed as a fraud. Along the way, Holmes became a symbol of the shameless hyperbole that often saturates startup culture.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesAs Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase.
Read more »
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motivesQuestions still linger about her true intentions -- so many that even the federal judge who presided over her trial seemed mystified. And Holmes' defenders continue to ask whether the punishment fits the crime.
Read more »