Elizabeth Holmes, Founder of Fraud Startup “Theranos,” Is Seeking Silicon Valley Investors for New Company – One More Attempt to Steal Money?

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Elizabeth Holmes, the founder of Theranos, the blood testing and analysis company that was charged with $700 million fraud bill, is looking for investors for a new startup.

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Source: CBS News

New day, new fraud

“According to Carreyrou [the journalist who revealed that the company is a sham and author of Bad Blood: Secrets and Lies in a Startup], Holmes is currently waltzing around , meeting with investors, hoping to raise money for an entirely new start-up idea,” Vanity Fair reports.

John Carreyrou also adds, “One person in particular, who left the company recently, says that she has a deeply engrained sense of martyrdom. She sees herself as sort of a Joan of Arc who is being persecuted.”

The question is who’s going to say “yes” and agree to invest in her new startup.

If you forgot what happened recently

With a permission from her parents, Elizabeth Holmes invested the money for her education in private business. The company was named ‘Theranos’ and after some period of time announced a breakthrough in the field of blood analysis.

Representatives of the company claimed that the invented method allows analyzing the blood using only six drops of it. Sponsors quickly responded to the offer and invested money.

According to data provided by the Securities and Exchange Commission, Theranos deliberately misled investors by providing false and inaccurate data. In addition to a $500,000 fine, Elizabeth Holmes also lost control of the company she founded.

However, while she can’t be the CEO of a public company for 10 years, she’s still allowed to be the CEO of a privately held company.


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Elizabeth Holmes, Founder of Fraud Startup "Theranos,"  Is Seeking Silicon Valley Investors for New Company - One More Attempt to Steal Money?
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Elizabeth Holmes, Founder of Fraud Startup "Theranos," Is Seeking Investors for New Company - One More Attempt to Steal Money?
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Elizabeth Holmes, the founder of Theranos, the blood testing and analysis company that was charged with $700 million fraud bill, is looking for investors for a new startup.
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