The disgraced founder of Theranos was found guilty on four counts of fraud, surprising no one.
Holmes, who dropped out of Stanford at 19 to launch blood testing start-up Theranos, was found guilty by a jury of four counts of fraud, including three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors. Followers of Holmes’ “work” will remember that she lead investors to believe Theranos’ supposed proprietary technology was capable of conducting “revolutionary” blood tests.
Theranos, an entirely women-led health startup once valued at $9 billion and widely considered a unicorn within Silicon Valley, rocketed a young Holmes and her accompanying dead eyes to prominence… and just as quickly tanked her reputation.
The court proceedings were just as tumultuous as Holmes’ own fall from glory. As part of a strategy to point fingers at Theranos’ other key leadership, the founder gave tearful testimony that she was raped at Stanford University and lateremotional and sexual abuse by long-time boyfriend Balwani. Later, she admitted that she never received permission to apply logos from pharmaceutical companies on reports given to investors, feigning support from the corporate giants.
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Theranos founder Elizabeth Holmes found guilty on some fraud chargesFederal prosecutors had accused Holmes of spearheading a massive scam as she promised patients and investors that Theranos was building technology capable of revolutionizing medicine.
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Elizabeth Holmes Found Guilty On Wire Fraud ChargesThe jury also found the former Theranos CEO not guilty on four counts, and sent a note to the judge on Monday morning that they were deadlocked on three counts.
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Elizabeth Holmes found guilty on four out of 11 federal chargesThe jury in the criminal trial of Elizabeth Holmes, the former CEO and founder of Theranos, has reached a verdict. Holmes was found guilty on four charges — three counts of wire fraud and one count of conspiracy to commit wire fraud. The jury returned no verdict on three counts of wire fraud. She was found not guilty on three additional charges of wire fraud and one charge of conspiracy to commit wire fraud.
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Elizabeth Holmes found guilty on 4 of 11 charges, jury could not reach verdict on 3The jury in the criminal fraud case against Theranos founder Elizabeth Holmes has found her guilty on 4 of 11 counts
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