"You don't know what you're doing, your ideas are wrong, if you do things according to your intuition, you're going to fail, you need to kill your former self and become a new version of yourself, only then you can succeed." 」
When he is brought to court, he puts all the blame on his collaborators, even crying that his collaborators raped and mentally controlled themselves.
Assets are zeroed out and the defendant goes to court
In March 2018, the once-seen "female version of Jobs" was sued in court, and the SEC filed a lawsuit against Elizabeth Holmes for fraud.
To avoid jail time, Elizabeth reached an out-of-court settlement with the SEC and paid a $500,000 fine.
The hugely popular Holmes was forced to give up his actual controlling stake in the company and to stop holding any senior positions in the public company for 10 years.
This is undoubtedly painful for Holmes, and the fine is not a big deal, but handing over the actual controlling interest in the company and not allowing him to serve at the top of any company has a big impact on Holmes.
At that time, although Holmes was extremely disappointed, but there was nothing she could do, for her, it was already a light punishment.
What Holmes did not expect, however, was that three months later, in June 2018, Holmes and his collaborators were sued by a US federal jury for defrauding investors and other reasons.
At this time, Holmes realized the importance of the problem, and in order to avoid the disaster of imprisonment, Holmes shirked responsibility for various reasons and delayed the trial time.
Although Holmes continued to delay the opening of the trial, his fraud could not be concealed, so the trial officially began in January this year.
At the beginning of the trial, Holmes was still "cunning" and shifted all the responsibility to the collaborators, and the opening scene appeared.
However, after an investigation by the relevant departments in the United States, it was found that four of the 11 crimes indicted by the US federal law were convicted, and it is reported that each of these four crimes can be sentenced to up to 20 years.
That is to say, Holmes will most likely need to spend the rest of his life in prison.
Of course, in addition to the prison disaster, Holmes's property also needs to be liquidated, and most of his property is the proceeds of fraud.
Therefore, when the identity of her "female liar" was known, holmes's property was liquidated.
Holmes wanted to save himself by "liquidating" at the time. Of course, even if he didn't, Holmes's property could not be preserved.
In fact, as early as June 1, 2016, Holmes's personal net worth under the Forbes website has undergone a huge change, from the previous $4.5 billion, down to 0, at this time Holmes has gone.
In 2017, he took the initiative to liquidate his own property.
However, even though Holmes was famous at the time, there were still some companies that were interested in the companies under his name and invested in them.
Of course, many people do not understand the operation of these companies, but it is not until these companies really go bankrupt that people realize the intentions of these investment companies.
After the formal bankruptcy, the investment firm took away its internal patents in the first place.
Investment companies with patents can be described as invincibles all over the world.
From the time the patent is obtained to the present, this investment company does not need to do other work at all, selling patents and suing other companies for infringing their own patents has become the main work of the investment company, and it has also earned a lot of money through this work.
Excellent grades, dropped out of school to start a business
Holmes actually has a certain ability, of course, this ability is limited to fraud.
Holmes was extremely good as a teenager, and was once "someone else's child" in the eyes of his parents.
In 2002, he was admitted to Stanford University with honors.
After entering Stanford University, Holmes was also different from other classmates.
According to classmates, when Holmes went to college, he often wore formal clothes, giving people a feeling of business elite.
In fact, as early as college, Holmes fantasized that he would one day be able to own a company of his own.
After entering Stanford University, he won a presidential scholarship because of his excellent grades, and Holmes was even more arrogant at this time.
Of course, Holmes was only in the idea stage at this time, and she didn't know what kind of company she should do.
However, in 2003, the outbreak of SARS allowed Holmes to find his "goal".
During the summer of 2003, Holmes traveled to Singapore to participate in research on the SARS virus.
In the course of his research, Holmes found that the detection method was extremely cumbersome, and there were problems with efficiency and accuracy.
Seeing this, Holmes suddenly had an idea, if he invented a tool that could detect quickly, of course, in Holmes's imagination, this detection is not only a virus, but also other problems in the blood.
If such an instrument can be available, it will surely sensationalize the world.
Realizing this, Holmes decided to give up his studies and concentrate on his career, so he chose to drop out of school during his sophomore year. Holmes's family were extremely enlightened and supported Holmes's decision.
Of course, the support of his family is also mostly due to Holmes's "rhetoric".
After settling down with his family, Holmes faced a big problem - money.
If you want to do scientific research, you need a lot of money. Holmes, who was only 19 years old, had no funds, and then Holmes decided to seek help from his parents, and Holmes's family was very well-off.
Both of her parents work in the U.S. government and have some money and connections.
Holmes then approached his parents and begged them to help him.
When Holmes's parents learned of his idea, they decided to invest. Of course, in addition to his parents, Holmes also found other relatives and friends in the family, wanting more money.
After learning of Holmes's ambitions, many friends and family decided to invest. With the help of his family and the influence of his parents, Holmes scraped together an initial fund of about 6 million yuan in a very short period of time.
Talk to Jack Ma and have dinner with the president
The company he founded was called Theranos, and with the support of his parents and the hype, the company soon appeared in the eyes of the public.
A lot of companies want to invest in Holmes' companies and want a piece of the pie.
Seeing here, many people will suspect that these listed companies are controlled, have not seen the product, why have they invested in it.
In fact, so many companies have competed to invest in Holmes, mainly because Holmes's pie is too big, and all people want to share a piece of the field.
In the early days of his company, Holmes said in public
"I want to build a health care system that can change the health care system, and I hope that everyone can benefit from this health care system."
After hearing Holmes's words, many people were passionate, including American politicians.
Many of Holmes's classmates and outstanding graduates of other prestigious universities have also come to Holmes' company to engage in research and development.
While drawing cakes for outsiders, he also brainwashed his own employees.
Most of the newly graduated students have ideals, and Holmes's vision of a future is too beautiful. Therefore, many students who have graduated from famous schools have worked hard and complained.
However, in the process of development, there are many problems, and it is simply impossible to reach its level.
Holmes began to advertise before the product appeared, claiming that "a drop of blood can change everything", but the products developed by his company are not much different from those on the market.
Although the initial capital is relatively large, the cost of the research and development process is also very large, and if there is no additional investment, the company and research and development will face great problems.
However, companies without product investment are also reluctant to invest.
Faced with such a situation, Holmes did not worry too much, and Holmes decided to use his "talk art" to attract investors.
When defrauding investments, Holmesdo will start with a tragic story, and he will tell investors that his original intention to develop blood detection instruments was because of his family, because of the limitations of medical conditions at that time, his family suffered from blood diseases but could not be found in time to lead to the early death of his family.
Now I want to develop a blood detector that can detect everything, so that more patients can be detected and treated early.
After telling the story, Holmes would invite him to visit his company and decide whether to invest. When Holmes invited investors to visit, investor trust rose to 50 percent.
Of course, investors will also go to investigate.
One lie is followed by an infinite number of lies.
In fact, the company's environment is really not too much of a problem, the problem is her product.
However, investors go to the company to see the product, and Holmes also has his own "tactics" in the face of this problem.
Investors are first invited to the place where the product is developed, so that the investor can observe the product developed by his company - Edison.
Then take a drop of blood, after taking the blood, the investor is asked to go elsewhere, this time its employees can be free to dispose of, that is, this blood can not be tested by "Edison", and when the investor returns, the results will come out, the time is extremely short, and the accuracy is extremely high.
After the field visit, investors are very satisfied with this and will invest more, and after several investors choose to invest additionally, other investors will also add.
Lest I not be able to get a piece of the "Edison". In this way, Holmes made a lot of money. Even the people in politics also chose to invest in "Edison".
After all, "Edison" was too influential, or could change the medical field.
The American media reported heavily on Holmes, through the immature product "Edison". Holmes can be described as a double gain of fame and fortune.
The market value of Theranos is also rising, and Holmes's personal stake, which owns 50% of the shares, has also risen to $4.5 billion.
Entering the Forbes list, when everyone called Holmes the "female version of Jobs", Holmes at that time can be described as unlimited scenery.
Frequent access to a variety of high-end venues. Share the stage with dignitaries and celebrities from all over the world.
In 2015, Holmes attended an interview with Jack Ma, including former U.S. President Clinton.
In this activity, Ma Yun also respected Holmes and discussed some business issues with him, and in this activity, the two can be described as talking and laughing.
In addition to communicating with Ma Yun, Holmes also dined with the president of Brazil and was invited to the banquet of the president of the United States, which was a huge hit at that time.
Shocking deception, debunked
Due to the pursuit of society, Holmes at that time was so oblivious that he should step up the development of instruments, otherwise his earth-shattering deception would be exposed.
But Holmes was not particularly anxious, but more rampant, secretly buying testing instruments from other companies, but using testing instruments from other companies to detect.
However, the detection instruments on the market cannot be detected by a drop of blood, and Holmes advertises a drop of blood, so when sampling, Holmes can only take one drop of blood.
In order to have the result, Holmes chose to dilute the blood, of course, such a result is certainly inaccurate, but Holmes did not consider this.
In order to avoid his scam being exposed, Holmes took control of 99% of the board's shares through means.
Even so, Holmes's lies were debunked.
On October 15, 2015, the Wall Street Journal published an article. In the article, it was exposed that Holmes's company had a problem with the test results, and that it did not use its own testing instruments for testing, but used testing instruments purchased from the market.
In this article, Holmes's various scams are exposed.
At first, Holmes also stood up to explain, but in 2016, the US Drug Administration dispatched to investigate it and found that the exposure in the article was true.
Seeing that many investors here have drawn a line with it and taken it to court, Holmes's identity as a "female liar" has been exposed.
At this time, the outside world no longer calls it "the female version of Jobs". Instead, it is called "the world's number one female liar".
Holmes then liquidated all his possessions in an attempt to preserve himself. Of course, what she does is useless, and the social impact is too great.
The United States will certainly punish him severely. Today Holmes will face jail time.
There is an old Chinese saying that "what is false cannot be true, and what is true cannot be false." ”
The moment the scam is set up, Holmes's scam could be debunked at any time. After being debunked, it is bound to be severely punished by the law.
Integrity is the foundation of being a person, only by adhering to integrity, we can be successful, and the achievements obtained through scams will one day disappear.