Follow Us
Epaper Friday, January 21, 2022

World

Theranos founder Elizabeth Holmes convicted for fraud

January 04, 2022 12:24 AM

Washington, Theranos founder Elizabeth Holmes was on Monday convicted of defrauding investors after a months-long landmark trial in California, the BBC reported on Tuesday.

Prosecutors accused Holmes of knowingly lying about a technology she said could detect various diseases with only a few drops of blood.

Holmes was found guilty on four charges, including conspiracy to commit fraud against investors and three counts of wire fraud.

The 37-year-old now faces up to 20 years in prison.

Holmes faced 11 charges in total and was found not guilty of four charges relating to defrauding the public.

Have something to say? Post your comment