Elizabeth Holmes, Guilty Of Defrauding Investors In Theranos Case

Elizabeth Holmes, Guilty Of Defrauding Investors In Theranos Case

Elizabeth Holmes, former Theranos CEO, was convicted of conspiracy to commit fraud plus three charges of wire fraud against investors in the worldwide famous case. Holmes did not accept the four charges, which could carry 20 years in prison each.

Elizabeth Holmes, Guilty Of Defrauding Investors In Theranos Case mohamed_hassan / Pixabay – Valuewalk

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Elizabeth Holmes Conviction

After a months-long trial, disgraced entrepreneur Elizabeth Holmes was found guilty of defrauding investors after falsely claiming that Theranos —her healthcare technology company— was able to detect cancer and other terminal diseases with just a small blood sample.

As reported by the BBC, prosecutors in California found she had knowingly lied to investors by touting its technology as a breakthrough, with the purpose of raising money and gain fame.

According to The New York Times, “If sentenced to prison, Ms. Holmes would be the most notable female…

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