All the pieces to Know About Billy Evans

All through Elizabeth Holmes‘ many controversies, one man has stood by the Theranos’ founder’s facet: her husband, Billy Evans.

In 2003, Holmes based Theranos, a $9 billion Silicon Valley biotechnology start-up firm. She claimed the corporate had revolutionized blood-testing know-how to diagnose a large number of ailments with just some drops of blood. In 2015, nonetheless, the reality got here out — Theranos’ know-how didn’t work. Per a Wall Avenue Journal exposé, firm executives manipulated analysis and swindled traders out of a staggering $700 million.

Three years later, in March 2018, the U.S. Securities and Trade Fee (SEC) charged Theranos, Holmes and former Theranos President Ramesh “Sunny” Balwani — Holmes’ ex-boyfriend — with deceiving traders by “an elaborate, years-long fraud,” by way of false or exaggerated statements concerning the accuracy of the corporate’s blood-testing know-how, in addition to Theranos’ enterprise and monetary efficiency. Balwani, for his half, was convicted of fraud in July 2022 on 12 felony counts of defrauding each Theranos traders and sufferers.

Holmes was convicted by a California jury in January 2022, on 4 counts of wire fraud (every rely carries a most sentence of 20 years behind bars). Moreover, Holmes additionally faces a effective of $250,000 plus restitution for every rely within the fraud trial.

Regardless of all of the chaos, nonetheless, Evans stays a devoted husband to the previous CEO.

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