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Elizabeth Holmes Found Guilty of Criminal Fraud in Theranos Trial
Posted
January 4, 2022
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0:36Now PlayingElizabeth Holmes was found guilty of criminal fraud after she built her blood-testing startup Theranos Inc. into a $9 billion company only to see it collapse in scandal.
A jury in San Jose, California, returned the verdict after hearing three months of testimony that was often technical, heavily contested and, from Holmes herself, shocking. Unless the decision is overturned on appeal, the 37-year-old new mother faces as long as 20 years in prison, though she’s likely to be sentenced to far less than that.
Holmes, wearing a mask in the courtroom as everyone else did, stayed perfectly still and upright while the verdict was read. She looked directly at the jury as they were polled by the judge to determine if the verdict matched their conclusions.
Holmes’s fall from her status as celebrity chief executive to convicted felon marks one of the most dramatic descents in Silicon Valley history. After deliberating for seven days, jurors agreed Monday with prosecutors that Holmes lied to patients and investors over several years about the accuracy and capabilities of Theranos blood analyzers. Holmes was convicted of four out of 11 counts of conspiracy and wire fraud. The jury didn’t reach a verdict on three of the counts.
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