September 2013: Nearly a decade after starting Theranos, Holmes announces that Theranos and Walgreens have entered a long-term partnership. Marine Corps general) to its board of directors which already includes former secretaries of state George Shultz and Henry Kissinger. Kovacevich (former chief executive of Wells Fargo) and James Mattis (former U.S. The pair secretly dated while they were running the company, per Forbes. September 2009: Ramesh “Sunny” Balwani joins Theranos as COO with the promise of a $10 million loan.īalwani - who is 20 years older than Holmes - met Holmes on a language-immersion trip through Stanford. “I was doing this full time.”īy December 2004, Holmes has raised $6 million from investors, per the New Yorker. “I got to a point where I was enrolled in all these courses, and my parents were spending all this money, and I wasn’t going to any of them,” Holmes told the New Yorker. She creates Theranos (a combinations of the words “therapy” and “diagnosis”). March 2004: As a 19-year-old college sophomore studying chemical engineering, Elizabeth Holmes drops out of Stanford to pursue her dreams of developing a company. How much prison time does she face?īrief timeline of the Elizabeth Holmes and Theranos debacle ‘I failed them’: Tech fraudster Elizabeth Holmes sentenced to over 11 years in prisonĮlizabeth Holmes found guilty on multiple counts of fraud. I regret my failings with every cell of my body.” I have felt deep pain for what people went through, because I failed them. “I stand before you taking responsibility for Theranos,” Holmes said, as reported by the Deseret News. The Theranos empire came crashing down in wake of multiple reports in 2015 - led by then-Wall Street Journal journalist John Carreyrou - that claimed Holmes’ tech was incapable of accurately diagnosing medical conditions and often produced false results.Īfter a lengthy trial, Holmes was sentenced with 11 years, three months in prison on Nov. James Mattis and former director of the Centers for Disease Control and Prevention William H. The board of directors included former secretaries of state George Shultz and Henry Kissinger, former U.S. If you've been using KAYAK successfully up until now, try closing your browser and starting again.Theranos attracted several of high-profile investors such as Rupert Murdoch, former Education Secretary Betsy DeVos, the Walton family (heirs to the Walmart fortune) and Larry Ellison. Please send us a message and we'll try to figure out what went wrong. Probably something about the web browser you are using made KAYAK think you are a bot. They tend to try to cram large suitcases in the overhead bin, and they prattle on about celebrities they know while you are trying to watch the movie. For example, we don't want bots running about trying to book airline tickets. Bots are generally a good thing, but some web pages are for humans only. KAYAK uses bots to search for travel deals. Search engines like Google use robots to build up search results. What is a bot?Ī bot, or robot, or crawler is software that visits web sites and collects data from them without a human present. If you are seeing this page, it means that KAYAK thinks you are a "bot," and the page you were trying to get to is only useful for humans.
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