Elizabeth Holmes convicted of 4 of 11 fraud counts in Theranos trial

Elizabeth Holmes convicted of 4 of 11 fraud counts in Theranos trial

2 years ago
Anonymous $dEyjbtEkMr

https://techcrunch.com/2022/01/03/elizabeth-holmes-verdict-guilty-theranos-fraud/

Elizabeth Holmes has been found guilty of defrauding investors as founder and CEO of Theranos. After four months of court proceedings and seven days of deliberations, the jury has reached a verdict that will have lasting implications in Silicon Valley and beyond.

The former youngest and wealthiest female self-made billionaire was tried for two counts of conspiracy to commit wire fraud and nine counts of wire fraud. Holmes was found guilty of conspiring to defraud investors, as well as defrauding investors from the DeVos family, hedge fund manager Brian Grossman and former estate and trust attorney Dan Mosely. She was not found guilty of charges related to defrauding patients. The jury did not reach a verdict on three counts related to wire fraud.