"Theranos founder Elizabeth Holmes has asked Donald Trump to commute her sentence after she was convicted of defrauding investors in her now-defunct blood-testing startup that was once valued at $9bn, a notice on the US Department of Justice website showed. The justice department's office of the pardon attorney lists the status of her commutation request, which was made last year, as pending. The White House did not immediately respond to a request for comment."
"Holmes, 37, founder of the collapsed blood-testing company Theranos, was convicted of four counts of defrauding investors and, in November 2022, was sentenced to serve more than 11 years in prison. A university dropout with no medical training, Holmes had fooled regulators and some of the world's richest people, including Rupert Murdoch, Henry Kissinger and Larry Ellison, into believing she had figured out a way to test for a range of health conditions with just a pinprick of blood."
"The downfall began with a 2015 article by Wall Street Journal reporter John Carreyrou that revealed Theranos's revolutionary technology wasn't exactly what it seemed. Over the succeeding months, Carreyrou exposed how the testing devices Holmes said could perform a variety of medical tests with just a drop of blood were not actually being used to perform most of the analyses. After scrutiny from regulators, Theranos started to retract its tests and recall its machines."
Elizabeth Holmes has requested that Donald Trump commute her prison sentence, and the Department of Justice's pardon office lists the request as pending. Holmes was convicted on four counts of defrauding investors and in November 2022 was sentenced to serve more than 11 years. Holmes promoted a blood-testing technology she had patented that claimed to run many diagnostics from a pinprick of blood. A 2015 Wall Street Journal investigation by John Carreyrou revealed the devices were not performing most analyses, prompting regulatory scrutiny, test retractions, a recall, Holmes's resignation in June 2018, and the company's dissolution. The U.S. charged Holmes and co-executive Sunny Balwani with defrauding investors and patients.
Read at www.theguardian.com
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