Christian Holmes iv was a vice president at an energy company Enron but was charged with accounting fraud scandal resulting to bankruptcy of the company. he held executive positions in USAID, USTDA, EPA and other government agencies. He is the father of Elizabeth Holmes founder of blood testing company Theranos.
Details of Christian Holmes iv Family Life
Christian Holmes IV married Noel Anne, a congressional committee staffer. Theu came to the lime light after the fraud charges against their daughter Elizabeth. Elizabeth was born on 3rd February 1984 in Washington, DC. she went to St Johns school in Houston where she started her first business selling C++ compilers to Chinese Universities. She joined Stanford university to study chemical engineering, became a laboratory assistant in the School of Engineering and was a member of Kappa Alpha Theta at Stanford. She dropped out and used her school fees money to fund her consumer healthcare technology company.
Christian Holmes iv Daughter Elizabeth Holmes
Elizabeth Anne Holmes is an American biotechnology entrepreneur. She was named the youngest and wealthiest self-made billionaire by Forbes in 2015 on her $9 billion company value but they revised her net worth to zero after she was charged with fraud and featured her on the article; The Worlds 19 Most Disappointing Leaders.
She started her first business while in high school selling C++ compilers to Chinese universities while learning mandarin Chinese at home. She worked at the Genome Institute of Singapore laboratory testing severe acute respiratory syndrome coronavirus by collecting blood samples with syringes. In 2003, she founded the company Theranos and managed to collect over $6 million to fund the company and had $92 million in venture capital by 2010. She was known for having the best board of members in the US corporate with members like George Shultz a formers secretary of state.
She was convicted of blood fraud in her blood testing company Theranos after months of investigation by John Carreyrou of The Wall Street Journal. In 2015, investigations on the company showed flaws and misleading information to the investors and the government. The US Securities and Exchange Commission in 2018 pressed charges against the company, Elizabeth and her chief operating officer for fraud, false and inaccurate claims and collecting over $700 million from investors on the accuracy of the blood testing technology.
She had to return 18.9 million worth of shares to the company, pay $500,000 fine, withdraw her voting power of the company and banned from working as a director of any public company for ten years. In 2018, she was charged on fraud by federal grand jury and the case ended in 2022 where she was convicted of defrauding investors and was sentenced to 11 years at Federal Prison Camp, Bryan. The court ordered her and then partner Balwani, to pay $452 million to the fraud victims as restitution. Employees came out to say how she would fire anyone who tried to raise concerns about the misconduct in the company.
Elizabeth had the support of influential people like George Shultz, James Mattis and Henry Kissinger who served as officials in the presidential cabinet. Elizabeth broke up with her office boyfriend after the Theranos case and married William Evans, a hotel heir, in 2019 and they have two children.
