Theranos: The $10 Billion Scam - How Elizabeth Holmes Fooled Investors and Patients.

⭐ Theranos promised to revolutionize the blood testing industry by offering a simple and affordable device that could perform a wide range of tests.

💔 Elizabeth Holmes, the founder of Theranos, turned out to be one of the biggest fraudsters in history, leading to the downfall of the company.

💰 Despite her questionable background and lack of expertise, Holmes managed to raise billions of dollars from investors based on her vision.

💡 Elizabeth Holmes worked tirelessly to develop a device that could analyze a complete health profile with just a drop of blood.

🧪 Existing blood analysis devices use different methods to detect health markers, but they require a sufficient amount of blood.

📈 Holmes pitched a technology that could perform hundreds or even thousands of tests with just a few drops of blood, promising investors a revolutionary breakthrough.

🔍 Theranos only tested 10% of the patients' blood samples using their own devices and pretended to test the rest using established industry machines.

💼 Elizabeth Holmes manipulated investors by building laboratories that appeared to be working with their own products.

⚖️ Holmes didn't hesitate to give some patients incorrect results that were measured with Edison, misleading them and disregarding their rights.

🔍 Elizabeth Holmes used deceptive tactics and a deep voice to gain credibility.

💰 Despite not producing any working products, Theranos was valued at around $9-10 billion.

🗝️ Elizabeth Holmes controlled over 50% of the company and became one of the richest self-made women.

🚫 Elizabeth Holmes was intolerant of criticism and fired those who questioned her ethics.

⚖️ Theranos provided unreliable test results, leading to potential harm to patients.

📰 Theranos, a company led by Elizabeth Holmes, engaged in a multi-billion dollar fraud by manipulating people's health.

💰 Theranos received significant investments, including $150 million from the Walton family, and claimed to have groundbreaking technology that could perform 200 tests simultaneously.

🔍 Investigations by the FDA, DOJ, and SEC revealed that Theranos' claims were false, and the company's value plummeted.

🔍 Elizabeth Holmes used deception and false data to promote her company, Theranos.

💉 Theranos produced inaccurate test results, causing panic and fear among patients.

💰 The case highlights the toxic culture of Silicon Valley and the harm caused by dishonesty in entrepreneurship.

🔍 Elizabeth Holmes being a charismatic and manipulative individual with sociopathic tendencies who showed no remorse for her actions.

💼 The involvement of Dr. Richard Fues and his testimony against Theranos in a patent dispute, which risked his job and financial stability due to his age and health condition.

💔 Holmes' lack of empathy and disregard for the consequences of her actions, as seen in her indifference towards the death of a colleague and her failure to take responsibility for the harm caused to thousands of patients.