Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted

Theranos founder Elizabeth Holmes jailed for 11 years for fraud

  • By Al Mayadeen English
  • Source: Agencies
  • 19 Nov 2022 09:15
2 Min Read

Elizabeth Holmes, of Theranos infamy, claimed that Edison machine could diagnose cancer, diabetes, and other illnesses with just a few drops of blood.

  • x
  • Elizabeth Holmes, founder and CEO of Theranos (AP)
    Elizabeth Holmes, founder and CEO of Theranos (AP)

Elizabeth Holmes, the founder of Theranos, was sentenced to more than 11 years in prison for scamming investors in her blood-testing start-up, which was once valued at $9 billion (£7.5 billion).

The former Silicon Valley star made people believe that her device could diagnose sickness with just a few droplets of blood. The 38-year-old pregnant Holmes was sobbing in court, saying she felt "great sadness" for victims who had been duped by her hoax.

After a three-month trial, she was found guilty in January.

Holmes is anticipated to file an appeal against the sentence, which was handed out in a California court on Friday. She was once dubbed the "next Steve Jobs" and was supposed to be the world's youngest self-made billionaire.

Related News

Elizabeth Holmes’ 11-year prison sentence shortened by two years

Theranos' Elizabeth Holmes tried to escape to Mexico before conviction

She founded Theranos after dropping out of Stanford University at the age of 19, and its worth skyrocketed as the business claimed it might revolutionize disease diagnosis.

In 2014, the company was estimated to be worth $9 billion, more than the value of Uber and Spotify at the time. But not long after, regulators and the media began asking probing questions about the efficacy of the technology, setting the company's downfall.

Theranos was liquidated in 2018 due to a slew of lawsuits.

Prosecutors argued at Holmes' trial in San Jose, California, that she willfully misled doctors and patients about Theranos' flagship product, the Edison machine, which the firm claimed could diagnose cancer, diabetes, and other illnesses with just a few drops of blood.

They also indicted Holmes for amplifying the firm's performance to its financial sponsors.

Jurors eventually found her guilty of four counts of fraud, with a possible jail sentence of 20 years. 

  • Elizabeth Holmes
  • Edison machine
  • Theranos
  • Cancer

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS