Breaking News

BREAKING: Jury finds Theranos founder Holmes guilty of fraud

STAT

www.statnews.com


Elizabeth Holmes walks into federal court in San Jose, Calif., Thursday, Dec. 16, 2021. (NIC COURY/AP)

Jury finds Theranos founder Holmes guilty of fraud

Elizabeth Holmes, the former Theranos CEO who promised to revolutionize medicine but whose company collapsed under the weight of its many misrepresentations, was found guilty of fraud on Monday, capping a years-long saga that came to symbolize Silicon Valley hubris.

A federal jury found Holmes, 37, guilty of defrauding investors while raising money for Theranos. Holmes was convicted of conspiracy to defraud investors and three counts of wire fraud. The jury found her not guilty on several other counts and couldn’t reach a unanimous verdict on three charges of defrauding individual investors. 

Read more. 

If you’d like to stop receiving these alerts, click on the "update email preferences" link below.

Monday, January 3, 2022

STAT

Facebook   Twitter   YouTube   Instagram

1 Exchange Pl, Suite 201, Boston, MA 02109
©2022, All Rights Reserved.
I no longer wish to receive STAT emails
Update Email Preferences | Contact Us | View In Browser

No comments