ADP

Elizabeth Holmes

Elizabeth Holmes deceived Theranos investors about its blood-testing technology, inducing investments of hundreds of millions of dollars. Her convicted wire-fraud counts involved more than $140 million.

At a glance

What happened
She falsely claimed her analyzer was accurate and reliable, concealed reliance on conventional machines, and misrepresented pharmaceutical validation and company finances. The jury convicted her of investor fraud and acquitted her on patient-related counts.
When
Investor-fraud verdict: January 3, 2022. Sentence: November 18, 2022.
Where
Theranos operated in Palo Alto and Newark, California; she was prosecuted in the Northern District of California.
Why / motive
Trial evidence showed she used false technology and financial claims to induce investment.
Outcome
Sentenced to 135 months and three years of supervised release. The Ninth Circuit affirmed her convictions, sentence and $452 million restitution obligation on February 24, 2025.

Who is involved

  • Elizabeth Holmes — subject

Sources

  1. Elizabeth Holmes — source evidence“Paraphrase: Elizabeth Holmes”
  2. Elizabeth Holmes — source evidence“Paraphrase: Elizabeth Holmes deceived Theranos investors about its blood-testing technology, inducing investments of hundreds of millions of dollars. Her convicted wire-fraud counts involved more than $140 million.”
  3. Elizabeth Holmes — source evidence“Paraphrase: She falsely claimed her analyzer was accurate and reliable, concealed reliance on conventional machines, and misrepresented pharmaceutical validation and company finances. The jury convicted her of investor fraud and acquitted h”
  4. Elizabeth Holmes — source evidence“Paraphrase: Investor-fraud verdict: January 3, 2022. Sentence: November 18, 2022.”
  5. Elizabeth Holmes — source evidence“Paraphrase: Theranos operated in Palo Alto and Newark, California; she was prosecuted in the Northern District of California.”
  6. Elizabeth Holmes — source evidence“Paraphrase: Sentenced to 135 months and three years of supervised release. The Ninth Circuit affirmed her convictions, sentence and $452 million restitution obligation on February 24, 2025.”
  7. Elizabeth Holmes — scheme purpose“Paraphrase: Trial evidence showed she used false technology and financial claims to induce investment.”

Sources last checked: Not recorded · Dossier last changed: · Editorially reviewed: Not yet reviewed.