Elizabeth Holmes

Elizabeth Holmes

Elizabeth Anne Holmes (/hoʊmz/; conceived February 3, 1984) is the organizer, Chairman, and CEO of Theranos, a secretly held organization known for its false claims to have contrived progressive blood tests that utilized little measures of blood. In 2015, Forbes named Holmes as the most youthful independent female very rich person on the planet due to a $9 billion valuation of Theranos. The following year Forbes modified her net an incentive to zero dollars, given a refreshed $800 million valuation of Theranos and the way that a significant number of Theranos' financial specialists hold favored offers thus would be paid before Holmes (who holds normal stock) in a liquidation occasion.

In 2016, after a progression of journalistic and administrative examinations that scrutinized the veracity of Holmes' cases, elected prosecutors started criminal examinations for conceivably deceptive financial specialists and the legislature about Theranos' blood-trying innovation. Following the disclosure of potential misrepresentation, Fortune named Holmes one of the "World's Most Disappointing Leaders".In 2016, the Centers for Medicare and Medicaid Services (CMS) prohibited Holmes from owning, working, or coordinating a demonstrative lab for a time of two years. In April 2017, Theranos declared that it had achieved a worldwide settlement concurrence with CMS, under which CMS pulled back the renouncement of the organization's Clinical Laboratory Improvement Amendments working endorsements and diminished its common money related punishment.

In December 2017, Theranos settled a claim brought by the State of Arizona asserting that the organization had sold 1.5 million blood tests to Arizonans while disguising or distorting imperative certainties about those tests. The organization consented to pay $200,000 in common fines, and discount the cost of the tests to Arizona purchasers.

In March 2018, the U.S. Securities and Exchange Commission sued Holmes and Theranos, blaming them for deceitfully raising more than $700 million from financial specialists through false or misrepresented cases. In return for settling the charges, Holmes consented to pay a $500,000 fine, return 18.9 million offers, give up her voting control of Theranos, and be banned from filling in as an officer or chief of an open organization for a long time.





























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