Social News is a collection of interesting blogs, that either was originated by a great conversation, or some form of continental or international news, yet, we hope you enjoy our collection of hot topics that hit the TV news channels, online media, and stirred up many great conversations. (We stay away from religion and politics.)
Unfortunately, Elizabeth Holmes dropout of Stanford University at 19 to start a blood-testing startup Theranos, and grew the company to a valuation of $9 billion. However, due to shortcomings and inaccuracies of the company’s technology, 2019, were exposed, and Theranos and Holmes were charged with “massive fraud.” A California judge has set an August 2020 start date for the federal fraud trial. If convicted, Holmes could face up to 20 years in prison. Theranos founder Elizabeth Holmes and Sunny Balwani, the company’s former president, were charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Based on the Department of Justice June 2018. Allegations that the two engaged in a scheme to defraud investors, doctors, and patients at the failed blood testing company. Elizabeth Holmes will soon have her day in court.
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