Embattled Theranos founder Elizabeth Holmes is about to go on trial for fraud. Here's everything you need to know. - Markets Insider

The fraud trial for Elizabeth Holmes, founder of blood-testing startup Theranos, begins Tuesday. Holmes and former COO Ramesh Balwani are accused of defrauding investors, doctors, and patients. If she's convicted, Holmes faces up to 20 years in prison, $2.75 million in fines, and restitution. Blood-testing startup Theranos and its founder, Elizabeth Holmes, were once the subjects of spectacular praise, hailed for their promise to revolutionize diagnostic testing in healthcare. Federal investigations soon followed as the company's practices raised suspicions. Now, Holmes is a defendant in a federal fraud trial. Here's how she got here and what you can expect from the trial: Who is Elizabeth Holmes? When Elizabeth Holmes was 9 years old, she told relatives she wanted to be a billionaire when she grew up, according to Bad Blood: Secrets and Lies in a Silicon Valley Startup, which documents Theranos' rise and fall. Around the same time, Holmes wrote in a letter, "What I really want out of life is to discover something new, something that mankind didn't know was possible to do." Holmes studied chemical engineering at Stanford before dropping out in 2003 to work on Theranos when she was 19. In 2014, she was dubbed the world's youngest self-made female billionaire, boasting an estimated net worth of $4.5 billion. Holmes was one of a handful of women leading a Silicon Valley unicorn and was hailed as a visionary. Taking after Steve Jobs, one of her heroes, Holmes often donned...

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