Posted on 06/01/2016 11:50:25 AM PDT by CorporateStepsister
Last year she was on top of the world, but now Elizabeth Holmes has a net worth of zero.
Holmes, who is the founder of blood-testing company Theranos, was at the top of Forbes' list of the richest self-made women in America with a net worth of $4.5billion last year.
However, Forbes has lowered their estimate of her net worth to nothing, amid allegations that the blood-testing company she founded in 2003 has inaccurate tests and is being investigated by federal agencies.
Theranos Inc was sued on Thursday, accused of endangering customer health through 'massive failures' that misrepresented the accuracy and quality of its blood tests, according to court papers.
The proposed class action was brought in the U.S. District Court for the Northern District of California by the law firm Hagens Berman Sobol Shapiro LLP.
(Excerpt) Read more at dailymail.co.uk ...
“Maybe she wasn’t a crook.”
Maybe.
But, But, But; can I keep the STUFF.
Yes; I also was born a poor black child, but can I keep the stuff?
If she had good lawyers, she sold it least $50 million of her stock, which should have netted her after-tax at least $35 million, at least half of which she moved offshore to be out of reach of any creditors.
That’s all I’m saying.
Cangingnametouranus
Yeah, but after that, her gig might end.
You'd think that she would have a little something (cash, jewels, gold etc.) stashed away where the cops couldn't get at it.
I don’t think she was thinking of that. I don’t think she’s in a good place right now, with the collapse of her company.
However, some successful women end up having been crooks all along, just like some men are. It’s there that I do not see a difference between businessmen and businesswomen.
The problem is that their machines WEREN’T 91% accurate. I’ve read other stories where accuracies varied from 65% to 80%.
Further, I’ve also read where Theranos started into subcontracting their tests to an outside firm, not using their machines - this apparently is illegal.
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