Elizabeth Holmes is currently facing trial at the San Jose federal court on allegations of defrauding investors and patients.
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The founder and former CEO of Theranos is facing 10 counts of wire fraud and two counts of conspiracy. She pleaded not guilty.
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Theranos claimed it invented the machine that could test for dozens of diseases with a single drop of blood. Five years after her fall from grace, the firm’s founder gets her day in United States court.
Theranos claimed Edison could perform life-saving tests cheaply just about anywhere using only a finger prick of blood rather than a full vial from a vein.
The machine would save money for patients and doctors, and potentially provide early diagnosis for over 200 conditions at locations as convenient as grocery stores and pharmacies
Elizabeth Holmes could face 20 years of jail time and a nearly $3m fine.
Elizabeth Holmes was once a billionaire valued at $9 billion.
Source: abtc.ng
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