About
Elizabeth Anne Holmes (born February 3, 1984) is an American businesswoman who founded and was the CEO of Theranos, a now-defunct health technology company. Holmes founded Theranos in 2003, however by 2015 it began unravelling as journalists claimed she was deceiving investors. The U.S. Securities and Exchange Commission (SEC) in 2018 charged Theranos, Holmes, and former Theranos Chief Operating Officer (COO) Ramesh "Sunny" Balwani with raising $700 million from investors through a fraud involving false or exaggerated claims about the accuracy of the company's blood-testing technology. Holmes settled the charges by paying a $500,000 no admit no deny (NAND) fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and accepting a ten-year ban from serving as an officer or director of a public company. A federal grand jury indicted Holmes and...