Elizabeth Holmes, the unfortunate founder of the blood testing startup Theranos, is reportedly living in an elegant home on one of America’s most expensive estates while on trial for fraud.
A traffic appointment issued to Holmes partner William “Billy” Evans, heir to the Evans Hotel Group, revealed on March 17 a new address for the couple at a Green Gables home, a 135-acre estate of 135 million dollars in Woodside, California, CNBC reported.
CNBC independently confirmed that Holmes and Evans are staying in one of the houses.
The Green Gables Estate is about 40 minutes from the courthouse, past its former Lombard Place Apartments in San Francisco.
The property has six homes, in addition to the main house, according to its listing on Christie’s International Real Estate.
Three swimming pools dot the property, as well as a tennis court, a flower garden and orchards and a reservoir that serves exclusively the estate.
Green Gables was built in 1911 and the town of Woodside is “the richest and most prestigious enclave in Silicon Valley,” according to Christie’s listing.
The estate has served as a meeting place for dignitaries “including European royalty, senators, congressmen, governors, business leaders and creative luminaries” and, in 1965, the United Nations organized its 20th anniversary commemoration gala at the estate, according to Christie’s.
Christie’s representatives did not return The Post’s request for comment.
The revelation that Holmes is staying at the well-known property comes as he prepares to deliver his opening statement in his high-profile fraud trial on Wednesday.
Holmes, 37, was once among Silicon Valley’s most prominent founders and briefly crowned the country’s youngest female billionaire.
She and her ex-boyfriend Ramesh “Sunny” Balwani, former CEO of Theranos, are charged with 10 counts of cable fraud and two counts of conspiracy in what is expected to be one of the most watched corporate fraud trials in recent years. years.
Both Men and Balwani, 56, pleaded guilty. Balwani will face his own trial next year.
The U.S. Department of Justice indicted Holmes and Balwani in 2018, accusing them of defrauding investors, medical professionals and clients.
Prior to his arrest, Holmes, an aspirant to Steve Jobs who wore exclusively black turtle necks, at one point obtained a valuation of more than $ 9 billion for Theranos.
His company claimed to be able to detect medical conditions such as cancer using its new technology in a small blood sample from a client.
Theranos ended deals with Walgreens and the Safeway grocery chain.
Its board of directors included prominent U.S. officials, including former Secretaries of State Henry Kissinger and George Shultz, as well as former Secretary of Defense James Mattis.
And Theranos featured some of the country’s richest business leaders, including former Education Secretary Betsy DeVos, Walmart’s Walton family and Patriots owner Robert Kraft, among its investors. Some of these investors may testify at Holmes’ trial.
But the company’s medical claims were denied in a 2015 Wall Street Journal article, which caused Theranos ’high valuation to crash and spark a possible criminal investigation into Holmes and others involved in the business.
That day, Holmes published CNBC’s “Mad Money” program with Jim Cramer to dismiss the charges and claimed the newspaper had been to stifle innovation.
“First they call you crazy, then they fight you, and then you change the world,” he told CNBC, paraphrasing a quote that is often poorly attributed to Mahatma Gandhi.