A jury found former Theranos CEO Elizabeth Holmes guilty of fraud Monday, wrapping up the years-long and scandal-ridden saga of a young founder whose blood-testing technology couldn’t live up to its promises.
After seven days filled with 50 hours of deliberations, Holmes, 37, was convicted of conspiracy to defraud investors and three counts of wire fraud. The jury, made up of eight men and four...
11:06 am
March 15, 2018
The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.”
Along with former Theranos President Ramesh “Sunny” Balwani, Holmes has been charged with raising over $700 million from investors “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,...
