3min chapter

Patrick Boyle On Finance cover image

Why We Trust Fraudsters!

Patrick Boyle On Finance

CHAPTER

Theranos CEO Elizabeth Holmes's Story of Hard Work and Grit

Elizabeth Holmes was held up as an example of hard work and grit when she was named by Forbes as the youngest self-made female billionaire in America. Her company Theranos promised to revolutionize the field of blood testing, but it turned out that Holmes was just another startup scammer who used blustery talk to sell investors. She allegedly studied research on human behavior that showed how body language, eye contact, and vocal tone could command respect and approval. Many patients will have been harmed by her actions as they received false or inaccurate blood test results upon which medical decisions were made.

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