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Sanvi Balasubramanium

Sanvi Balasubramanium

Asked on 18 June, 2019

Who is Elizabeth Holmes?

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Elizabeth Holmes is an American inventor who founded a healthcare tech corporation Theranos in 2004, which was later found to have been a "massive fraud."

Rakesh Jayaraman

Rakesh Jayaraman

Asked on 18 June, 2019

What was the Theranos scandal?

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Elizabeth Holmes claimed to have created 'Edison'—a machine she said could conduct over 240 comprehensive tests with a single drop of blood. Founded in 2004, Theranos gained investors through Holmes' hollow stories, which were found to have no practical weight. However, the machine was never successfully created and was found to be just a story she told to get investments.

Vivaan Patil

Vivaan Patil

Asked on 18 June, 2019

Who is Billy Evans?

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Billy Evans, a 2015 MIT graduate, is the heir to Evans Hotels, founded in 1953 by his grandfather. Currently, the hotels are run by Evans' father and aunt. He reportedly first met Holmes at a Bay Area party in summer 2017.

Angel Bhatnagar

Angel Bhatnagar

Asked on 18 June, 2019

What are the charges against Elizabeth Holmes?

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Elizabeth Holmes, along with ex-boyfriend and Theranos CEO Sunny Balwani, is being charged with nine counts of wire fraud and conspiracy to commit wire fraud. If convicted, they could face 20 years of prison time. Both have pled not guilty.

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