Elizabeth Holmes, once a superstar of the US biotech industry, was convicted on Monday of defrauding investors through her blood-testing startup “Theranos”. This high-profile case has also raised a lot of questions about the culture of Silicon Valley.
37-year-old Elizabeth Holmes deceived her investors by telling her that her startup “Theranos” developed a blood test device that, with just a few drops, can detect existing diseases in the human body, which are now was not possible till now. Based on this, he got big money from investors to invest in his startup. Now the court, while hearing the matter, has convicted him.
The founder and CEO of Theranos was known for his serious voice communication and wearing a closed-neck sweater like Apple’s founder Steve Jobs.
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However, allegations are now being made that Ajilabeth, who came to the corporate world after leaving her studies incomplete from Stanford University, deliberately made her voice serious in order to appear more powerful in a male dominated industry and it is not her real voice.
A former Theranos employee said, “It happened once during a company party. Perhaps he had drank a little too much that day, due to which he did not notice his fake voice and inadvertently changed his natural voice.” I talked.” “Perhaps he would have adopted such a voice to create a stronger image of himself and to make himself appear more powerful in a room full of male venture-capitalists. Only he will be able to tell the real reason for this,” she said.
Phyllis Gardner, professor of medicine at Stanford University, said, “When she came to me, her voice was not so serious. Then when I saw her after some time, she was talking to people in a serious voice and then I felt How did this happen?”
Let us tell you that Elizabeth Holmes claimed that her startup has developed a device through which people will no longer need to be injected for blood tests. Rather, only by taking a few drops from a small prick in the finger, from simple blood tests to life-threatening diseases can be detected. But the reality has been that this device never worked and yet Elizabeth kept on cheating investors and living an expensive lifestyle through it for almost 12 years.
Elizabeth also made a lot of headlines on Wall Street through her startup and was seen as a superstar of the biotech industry and her wealth increased to more than 297 billion rupees. However, in 2015, his downfall began after an investigative journalist exposed his device’s poor technology and the company’s working practices.
Silicon Valley indicts Elizabeth Holmes on four counts of fraudulently extorting money from investors. The sentence has not yet been awarded in this case. However, there is a possibility that he could face 20 years in each case. On leaving the court, Elizabeth did not comment when asked if she would hear the decision in a higher court.
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