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Posts tagged as “Larry Ellison”

Elizabeth Holmes Begins 11-Year Prison Sentence for Defrauding Investors of Millions of Dollars

Elizabeth Holmes, founder of the now-defunct Theranos, has begun her 11-year sentence for defrauding investors of millions of dollars. Holmes was able to raise more than $700 million in venture capital funding for the company, but its technology was never able to live up to its promise and was eventually exposed as a fraud. Her conviction serves as a reminder of the consequences of fraud and the importance of due diligence when investing.