Theranos Blood Testing
Elizabeth Holmes was recently sent to prison for massive fraud around her company Theranos. The company claimed to have created an automated blood testing device that could make accurate assessments of a patient’s health with a few drops of blood drawn from a finger.
However, it turned out to be nothing more than smoke and mirrors. There was no breakthrough in automated blood testing. During demonstrations for pharmacy executives, Theranos employees were secretly running tests on outside lab equipment. It was one of the biggest automation frauds in history, that sent Holmes to jail for an 11-year sentence in 2023.
