connectVideoTheranos CEO Elizabeth Holmes charged with fraud by SEC
Theranos founder and CEO Elizabeth Holmes is charged with “massive fraud” by the SEC.
Jordan Belfort may be the “Wolf of Wall Street,” but Elizabeth Holmes has the property of the wolf of Silicon Valley. Or so she said.
If her company was faced with serious problems, the former CEO of Theranos, reportedly flew in the USA to purchase a Siberian husky — that they later claimed was a wolf. A real wolf.
Holmes, 35, who was once seen as a Silicon Valley sensation, carefully crafted its CEO image. They wore black turtleneck sweaters, which earned her the honor of being called “the next Steve Jobs.” Her company had reportedly discovered a new way of doing blood tests, a method in which Theranos said that it could run dozens of tests with only a few drops of blood.
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However, a survey by The Wall Street Journal discovered Theranos’ technology was incorrect, and the mysterious company was with the help of routine blood-testing equipment for the vast majority of the tests.
Following the report, Theranos began its demise. Walgreens finished the blood-testing partnership with the company as Theranos came under investigation by the FBI, the Department of Justice and the Securities and Exchange Commission.
If her company was faced with serious problems, the former CEO of Theranos Elizabeth Holmes flew in the USA to purchase a Siberian husky, they later claimed was a wolf, a report said.
In the chaos, Holmes thought that the company “could still be saved,” according to Vanity Fair. The former CEO bought the 9 week old Siberian puppy and named him Balto after the famous sled dog who helped lead a pack across Alaska to bring medicine for a disease-ravaged region.
Holmes took Balto under her wing and allowed him to go to work with her, despite scientists warning of the animal hair could contaminate the samples, according to the magazine. The dog was not house trained and reportedly urinated and defecated in the headquarters of Theranos. Often.
Later, Holmes found Balto “had a small trail of the wolf origin,” like most husky’s, Vanity Fair reported. Going forward, Holmes referred to her dog as a “wolf” who asked about Balto.
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The report noted a year after Holmes bought Balto, in September 2018, Theranos exit. Holmes was charged with “11 criminal offence counts, including fraud and conspiracy,” Vanity Fair reported. They could face up to 20 years in prison if she is convicted.
Holmes lives in San Francisco and is working, the journal reported. They reportedly dumped the black turtlenecks for yoga pants.
Balto? Still with Holmes. And yet a “wolf.”
The Associated Press contributed to this report.