America: accused investors in the name of startup, court sentenced to 11 years

-


- The company promised to revolutionize the blood testing sector and duped investors in its name

New delhi date. 19 November 2022, Saturday

Elizabeth Holmes, the CEO of American blood testing startup company Theranos, has been sentenced to 11 years in prison by a court in San Jose, California. American biotech star Elizabeth Holmes is accused of defrauding her investors. Let it be known that Elizabeth's startup company Theranos was closed in 2018 itself. The company promised to revolutionize the blood testing sector and duped investors in its name.

What is the whole matter?

Holmes, 38, was convicted in January after a three-month trial. Holmes started the startup company Therazone in 2003. At the time, Holmes claimed that his company had developed a blood analyzer that could be carried anywhere and could easily perform blood tests. Apart from this, this startup has also claimed that once the blood is taken from the finger, all the diseases of the body can be easily known. After this claim, investors bet heavily on Holmes' startup and received a bumper investment. However, later all these things turned out to be false and the matter went to court. The case dragged on for several years and then the verdict was delivered in January this year.

What did Elizabeth Holmes say?

Elizabeth Holmes founded Theranos in 2003 at the age of 19. He subsequently received much acclaim in Silicon Valley. Holmes quickly became the world's youngest female billionaire. Let us tell you that after hearing the prison sentence, Holmes hugged her husband Billy Evans and became emotional. Weeping in court, Holmes said he would have done many things very differently if he had had the chance. I have disappointed many people. Shame on people for what they have to endure.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more