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Theranos, a Silicon Valley startup run by now-convicted con artist Elizabeth Holmes, burned $ 945 million she raised through wealthy investors while living in a San Francisco apartment for $ 5,395 a month with stunning views of the bridge Golden Gate. .
Holmes, 37, is a California a jury on Monday after tricking investors into dropping more than $ 945 million into its broken-down blood test equipment.
Theranos raised almost all of his capital by investing in titans, including a media mogul Rupert Murdoch who lost $ 125 million, former Education Minister Betsy DeVos who gave $ 100 million, former Secretary of State Henry Kissinger who invested $ 3 million and Walmart family heiress Alice Walton, who lost $ 100 million.
The five-month trial, which revealed Holmes’ dubious claims of financial success, ultimately revealed that the company was a money sinkhole that lost nearly $ 2 million a week in 2013 and reported only $ 429,000 in revenue before failing in 2015. .

Elizabeth Holmes (center) was found guilty by a California jury on Monday of four wire fraud charges after she tricked wealthy investors into drowning more than $ 945 million in Theranos.

Holmes lived in luxury Lombard Place apartments with a $ 5,395 monthly rent
At the end of September, Theranos controller Danise Yam, who has been in charge of overseeing the company’s finances since 2009, testified that Theranos has been blaming heavy losses since 2010.
The company recorded a loss of $ 16.2 million in 2010 and then another $ 27.7 million in 2011. The following year, the company recorded no revenue and lost $ 57 million.
In 2013, when the company lost nearly $ 2 million each week, Yam said the company lost a total of $ 92 million.
By 2014, the company had accumulated a $ 376 million deficit, recording a paltry $ 14,000 in revenue.
Yam said the losses stemmed from the company’s investment in research and development of failed blood test devices.
Holmes, who portrayed herself as a young tech billionaire and a modern version of Bill Gates and Steve Jobs, was a billionaire only on paper because of her shares, and actually received only $ 200,000 in salary from the failing company in 2013 and 2014.
Despite financial difficulties, Holmes lived in a two-bedroom apartment for $ 5,395 a month on Lombard Place in San Francisco, which had stunning views of the Golden Gate Bridge.
With her business partner Sunny Balwani, she also had a $ 9 million home in 2013 in the affluent city of Atherton, California.
Holmes now lives with her husband Billy Evans in the Green Gables estate in Silicon Valley with nine bedrooms, worth $ 135 million.
When things finally went awry for Theranos in 2015, the company, valued at $ 9 billion, had only $ 429,000 in revenue and a $ 585 million deficit.
While the company’s finances were in decline, Holmes continued to paint rosy financial projections, claiming the company would earn $ 122 million in 2015 to attract large investors.
Among some wealthy investors were the heirs of Cox Communications, which donated $ 100 million; media investor Carlos Slim, who lost $ 30 million; Greek shipping heir Andreas Dracopoulos, who invested $ 25 million; the Oppenheimer family, which invested $ 20 million; New England Patriots owner Robert Kraft, who lost $ 1 million; and former Secretary of Defense James Mattis, who invested $ 85,000 in his personal savings.
Another donor was Kissinger’s attorney, Daniel Mosley, who invested $ 6 million after helping the former secretary of state secure his investment.
“He said it would be great if we took the time to get to know the company and tell me your views on it,” Mosley said of his conversation with Kissinger.
Mosley testified that Holmes was looking for “quality families” to invest.
During talks with Holmes, Mosley said he had begun assessing the potential investment himself.
“I was still watching him with the intention of telling Dr. Kissinger what I thought about it,” Mosley said, adding that he found it “personally interesting.”
Mosley, a lawyer and mediator between wealthy families, asked Holmes for the audited financial statements of Theranos in 2014, but when she failed to provide any, he filed anyway.


The Lombard Place apartments are described as ‘beautiful’ in the online rental list and have ‘grace’. The picture shows the entrance to the building

Interior paintings show a bridge in the left corner of one of the rooms in the two-bedroom house by the bay

The biggest benefit # 303 at 1340 Lombard Street is the magnificent view of the Golden Gate Bridge and San Francisco Bay

Pictured is the main house in Green Gables. Holmes and her husband are believed to have rented one of the smaller properties on the territory, six of which

Holmes testified that she drew rosy financial prospects for Theranos while the company lost hundreds of millions

Former Secretary of State Henry Kissinger has invested $ 3 million in Theranos, and his attorney has invested $ 6 million to spread the idea of investing to his other wealthy clients.
Mosley then recommended other of his clients to invest in the company.
Among them was the Walton family, the founder of Walmart, led by Alice Walton – the richest woman in the world, worth $ 70 billion.
According to the list of investors, the Walton family invested about $ 150 million in 2014 through two separate entities.
Mosley’s other party, the DeVos family – including Betsy DeVos, who was Donald Trump’s education secretary – has invested about $ 100 million.
“Obviously, they’re very disappointed with them as a company and as an investment,” said Greg McNeilly, chief operating officer of The Windquest Group, DeVosa Holding and her husband.
McNeilly said $ 100 million is a joint investment of several generations and branches of her family, and described the share of DeVos and her husband as “small.”
Betsy DeVos, her husband, and their four adult children are worth about $ 2 billion.

Holmes faces up to 20 years in prison on each of the four fraud charges
Holmes faces up to 20 years in prison for each of the four fraud charges after Monday’s conviction. She probably won’t face the maximum sentence, but she will probably serve it at the same time.
She was also found not guilty on four other counts of fraud, and the San Jose jury was unable to reach a verdict on three other counts, which were overturned for a later date.
Judge Edward Davila, who oversaw the case, said he intended to announce a stay of trial on three charges the government could choose to retry.
A sentencing date is expected to be set next week at a hearing on three hanging charges, which include an interview with the U.S. Probation Office as he prepares a pre-conviction report.
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