The Continuing Frauds of Elizabeth Holmes
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Two weeks ago, the former founder and chief executive of now-defunct biotech start-up Theranos was due to report to prison.
Elizabeth Holmes was supposed to begin serving a 135-month sentence after a jury convicted her of four federal charges of fraud – three counts of wire fraud and one count of conspiracy to commit wire fraud. Those criminal convictions stemmed from Holmes knowingly defrauding investors out of hundreds of millions of dollars by misleading them about the capabilities of her company's blood-testing technology.
Source Fool.com
