Holmes faced legal repercussions for her actions from "summary" of Bad Blood by John Carreyrou
As the truth about Theranos began to emerge, Elizabeth Holmes found herself in the crosshairs of legal authorities. Investigations were launched by various agencies, including the Securities and Exchange Commission (SEC) and the Department of Justice. These agencies were looking into allegations of fraud, misleading investors, and other violations of securities laws. The SEC accused Holmes of orchestrating an elaborate scheme to deceive investors, partners, and the public about the capabilities of Theranos technology. They alleged that she had made false claims about the company's products and financial performance in order to attract more funding. The SEC also claimed that Holmes had misled investors by providing them with inaccurate financial information. In addition to the SEC investigation, the Department of Justice launched its own probe into Theranos and Elizabeth Holmes. The DOJ was looking into potential criminal charges, including wire fraud, securities fraud, and conspiracy. They were gathering evidence to determine whether Holmes had knowingly engaged in illegal activities in order to prop up the company. As the legal pressure mounted, Holmes faced the possibility of serious consequences for her actions. The charges she was facing carried the potential for hefty fines, prison time, and a tarnished reputation. The once-celebrated entrepreneur was now at risk of losing everything she had built. Despite the mounting legal troubles, Elizabeth Holmes continued to maintain her innocence and defend her company. She insisted that she had done nothing wrong and that Theranos technology was sound. However, the evidence against her was mounting, and it seemed increasingly likely that she would have to face the consequences of her actions.
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