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DeVos Family Lost $100 Million in Theranos

Heirs to the Amway fortune fell for Elizabeth Holmes' blood-testing scam.

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By: TOM BRANNA

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The DeVos family lost $100 million investing in Theranos. The revelation was made during the trial of Elizabeth Holmes, the founder of Theranos. During the trial, a DeVos family witness, Lisa Peterson, said the family was originally going to invest $50 million but later chose to double it to $100 million after speaking with Holmes.  Holmes, a Stanford University dropout, was 19 when she founded Theranos in 2003 and peddled the company's blood-testing capabilities as revolutionary, claimi...

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