Elizabeth Holmes, founder of tech company convicted of fraud in the US, is due to be arrested this Tuesday

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The former Silicon Valley tech star was sentenced to just over 11 years in prison for defrauding investors with her biotech company Theranos, which promised a revolution in healthcare diagnostics. Elizabeth Holmes on March 17, 2023 Carlos Barria/Reuters The former star of the Silicon Valley technology sector and convicted of fraud, Elizabeth Holmes, is due to be arrested on Tuesday (30). She was sentenced to just over 11 years in prison for defrauding investors with her biotech company Theranos, which promised a revolution in healthcare diagnostics. The then-businesswoman should have started serving her sentence on April 27, but her lawyers filed a last-minute appeal on procedural grounds. Share on WhatsApp Share on Telegram Holmes will also need to pay around US$ 452 million (R$ 2.2 million, at current prices) as compensation to the victims. However, the values ​​should not come out of her pocket alone, her former right-hand man at Theranos, Ramesh “Sunny” Balwani, is also responsible. Together, the two will have to disburse US$ 452 million (around 2.2 billion reais at the current exchange rate) to the victims of the fraud. Who is Elizabeth Holmes Recall the story of Holmes Holmes, 39 years old, was held responsible for deceiving investors into believing that she had developed a revolutionary medical device. She became a Silicon Valley star when she announced that her company was developing an easy-to-use kit capable of covering a wide range of diagnoses with just a drop of blood. However, her company never developed any technology that could deliver what it promised (ie, a set of test results with a small drop of blood). Theranos secretly outsourced the tests to other companies and in some cases simply gave the wrong results. Elizabeth Holmes had one child shortly before her trial and another since her conviction.

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