The rise and fall of Elizabeth Holmes: A timeline
CNN
Elizabeth Holmes, the founder and former CEO of failed biotech startup Theranos, went from being hailed as the next Steve Jobs to facing up to 20 years in prison over federal fraud charges. How did Holmes get here?
A Stanford University dropout, Holmes -- inspired by her own fear of needles -- started the company at the age of 19, with a mission of creating a cheaper, more efficient alternative to a traditional blood test. Theranos promised patients the ability to test for conditions like cancer and diabetes with just a few drops of blood. She attracted hundreds of millions of dollars in funding, a board of well-known political figures, and key retail partners. But a Wall Street Journal investigation poked holes into Theranos' testing and technology, and the dominoes fell from there. Holmes and her former business partner, Ramesh "Sunny" Balwani, were charged in 2018 by the US government with multiple counts of wire fraud and conspiracy to commit wire fraud. (Both have pleaded not guilty.) More than three years later, Holmes is finally getting her day in court.
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