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★ Forbes 30U30 2015✅ Convicted

ELIZABETH HOLMES

Theranos · 2015

Blood testing technology fraud

Elizabeth Holmes founded Theranos in 2003, claiming its Edison device could run over 200 blood tests from a single finger-prick. She raised $945M from investors including Rupert Murdoch, the DeVos family, and Tim Draper. A 2015 Wall Street Journal investigation exposed that the technology did not work — Theranos was secretly using conventional Siemens machines. Holmes was convicted of wire fraud and conspiracy in January 2022 and sentenced to 11 years in federal prison.

Raised

$945M

Outcome

🔒 Prison

Prison

11 yrs

Victims

11,000

Investors

Rupert MurdochDeVos FamilyTim DraperLarry Ellison