Case OY-2026-000005
Investment complaint
Well-known public case — not a report submitted through Oyiwa
Oyiwa staff added this case because it's a widely reported, already-adjudicated case of fraud. It isn't an open report from a victim, and no one needs to contact Oyiwa about it. See the sources below for the original reporting and court/regulatory records.
USD 945M
Reported amount
0
Reports
0
Independent reporters
9/20/2026
Opened
Incident Summary
Elizabeth Holmes founded Theranos, a blood-testing startup, and raised hundreds of millions of dollars from investors by falsely claiming its technology could run comprehensive lab tests from a few drops of blood. In practice, the devices produced unreliable results and the company secretly relied on standard commercial lab equipment. Holmes was convicted by a federal jury in January 2022 on multiple counts of wire fraud and conspiracy to commit wire fraud against investors, and was sentenced in November 2022 to more than 11 years in federal prison.
Sources
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Timeline
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- Case opened
September 20, 2026 at 2:53 AM
Added by Oyiwa staff as a well-documented, publicly known case — not submitted by a victim through the platform. See sources on this case for verification.
Case ID
OY-2026-000005
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