Theranos founder Elizabeth Holmes convicted of 4 fraud charges
Holmes could face 20 years in prison after a jury convicted her of defrauding investors of her Silicon Valley blood-testing company.
By Alaina Lancaster|January 04, 2022 at 09:33 AM|The original version of this story was published on The Recorder
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San Jose federal jurors convicted Theranos founder Elizabeth Holmes Monday on four counts, three of which carry a potential 20-year prison sentence, but they also found Holmes not guilty on several counts and did not reach a unanimous decision on three of the charges against the founder.
After seven full days of deliberation, jurors found Holmes guilty of a conspiracy to defraud investors and three counts of wire fraud. Composed of eight men and four women, the jury acquitted Holmes of conspiracy to defraud patients and three counts of wire fraud.
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