Murdoch and Other Wealthy Elite Invested in the Theranos Scam
Murdoch was just one wealthy man of many to get suckered into Theranos founder Elizabeth Holmes’ great big blood fraud Theranos, but he was one of the top investors. Murdoch was the largest individual investor in the project, putting down $121 million into the fraudulent blood testing kit.
After Holmes was charged with fraud, Murdoch’s name kept appearing on the docket. After she was sentenced to more than a decade in prison (which has since been quietly reduced) more attention was paid to the legions of investors than to the patients who were promised miracle blood testing kits. A judge name-dropped Murdoch’s during sentencing as one of the major investors who lost out on a total of $121 million, despite prosecutors claims investors were owed $804 million. Needless to say, Murdoch hasn’t made much back on this investment.
