USA YOUNGEST FEMALE BILLIONAIRE JAILED

 

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        Elizabeth Holmes, a Stamford University drop out, at age 19 she was founded a tech company which is worth $9bn. Many including high profiles believed her about new invention about diagnosing diseases from single drop of blood. She motivated many people by drop of blood can scan cancers and diabetes without having needle and fast. 


        In 2016 her product was found to be fake, and same year her company Theranos collapsed during 2018. High profile investors like Henry Kissinger from Bigwigs and General James Mattis are embarked on Theranos. 


        During January, her fraud scandal convicted on four courts in California. Jury decided her to prison for 20 years for four charges, but out of three charges she was not guilty. Now she is in her 30 and pregnant. This Friday court announced to her 11 years and three months in prison. 


        Edison machine is her new invention at Silicon Valley made her fortune to become America's youngest billionaire. Many doctors and patients mislead by her machine and loss billions of money. 


Extracted from BBC  

        On Friday she was devastated and told "I am devastated by my failings. I felt deep pain for what people went through, because I failed them". Judge referred to her as brilliant entrepreneur and told " Failure is normal, but failure by fraud in not OK" 


        This case heralds silicon valley companies not to misuse investors money. Eventually they sue them by law and trap with lawsuit. Also her business partner and boyfriend also accused and his judgement will come in later days. 


        Falling hopes made people very upset, it has a more damage to person more than loss money. Ms Holmes play this game with sensitive persons like severe patients like cancers, she knew this disease cannot be cure in most time. She will pay her sins with her child who still inside her belly.      

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