Elizabeth Holmes faced criminal charges for fraud primarily because she sold her technology to investors as if it existed, but it did not. The promised innovative blood-testing technology was ultimately found to be inaccurate and unreliable when put to use, leading to significant legal repercussions for her and the collapse of her company, Theranos.
Elizabeth Holmes started the medical testing company Tharanos and promised innovative technology that would use a simple blood test to diagnose an unprecedented number of diseases. However, Holmes ended up facing criminal charges for fraud and her company, once worth $9 billion, no longer exists—why? (1 point) Responses Her blood tests actually injected patients with several dangerous infections. Her blood tests actually injected patients with several dangerous infections. Her blood tests diagnosed all patients with cancer, even if they were 100 percent healthy. Her blood tests diagnosed all patients with cancer, even if they were 100 percent healthy. She sold her technology to investors as if it existed, but it did not. She sold her technology to investors as if it existed, but it did not. Her technology was found to be faulty once it was put into use. Her technology was found to be faulty once it was put into use.
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