Here is a possible summary:
The text is a transcript of a video that discusses the trial of Elizabeth Holmes, the founder of Theranos, a biotech company that claimed to revolutionize blood testing with a device that could run hundreds of tests on a few drops of blood. Holmes was convicted of four counts of wire fraud and conspiracy to commit wire fraud against investors, who lost millions of dollars after believing her false claims about the company's technology, partnerships, and revenues. However, she was acquitted of four counts of fraud and conspiracy against patients, who bought Theranos tests at Walgreens stores. The jury apparently believed that Holmes did not intend to defraud patients and that she was too removed from them to influence their decisions. The video also mentions the role of Holmes' ex-partner and co-defendant Sunny Balwani, who allegedly abused her and misled regulators, and the testimony of former Defense Secretary James Mattis, who wanted to use Theranos machines in the military but found out they were not deployed. The video ends with a promotion for Wealthfront, an automated investment platform that sponsors the video.
Here are the key facts extracted from the text:
1. In 2003, Elizabeth Holmes founded Theranos.
2. Theranos claimed to revolutionize blood testing with a machine that could run over 200 tests on a few drops of blood.
3. Holmes aimed to sell diagnostic tests directly to consumers.
4. Theranos attracted major investors like Rupert Murdoch and the Walton family.
5. Prominent figures like Bill Clinton and Joe Biden praised Holmes' efforts.
6. The company's highest valuation reached $9 billion.
7. Theranos' technology was unable to run hundreds of tests on a few drops of blood as claimed.
8. Holmes was convicted on four charges: three for wire fraud against investors and one for conspiracy to commit wire fraud against investors.
9. The jury found it difficult to convict Holmes due to her likability and positive dream.
10. Theranos voided all test results from Edison machines for 2014 and 2015, as well as some tests on conventional machines.
11. Walgreens sued Theranos for $140 million after realizing the scope of the problem with the Edison machines.
12. The US Centers for Medicare and Medicaid Services banned Holmes from operating a medical lab for two years.
13. The SEC charged Holmes and former Theranos President Sunny Balwani with fraud.
14. Holmes was indicted on 11 felony charges in 2018, including wire fraud against investors, patients, and conspiracy.
15. The jury acquitted Holmes of wire fraud and conspiracy to defraud patients.
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