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What was Elizabeth Holmes’ famous scam?

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What was Elizabeth Holmes’ famous scam?

Holmes was the founder and CEO of Theranos, a startup that raised nearly $1 billion from investors and became a Silicon Valley sensation. However, The Wall Street Journal exposed her technology as flawed and dangerous in 2015. She was convicted of fraud and conspiracy in January 2022 and sentenced to 11 years in prison in May 2023. She was incarcerated on May 30, 2023, in a women’s prison camp in Texas.

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