Elizabeth Holmes is slated to be sentenced on 26 September after being found guilty of defrauding Theranos investors, according to a court filing on Wednesday. A California jury found Holmes, 37, guilty on four of 11 charges, including three counts of fraud and one count of conspiring to defraud …
Most recent stories in Theranos
Elizabeth Holmes Found Guilty of FraudCurated byThe Tech Desk
A jury has convicted the former Theranos CEO of fraud after more than a week of deliberations. She had been charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud, but jurors only agreed unanimously on eight total. That deadlock remained hours later even after U.S. District Judge Edward Davila instructed them to continue deliberating. Out of those that went to verdict, Holmes was found guilty of four. She faces up to 20 years in prison.
Theranos Whistleblower and Company Insiders Testify at Elizabeth Holmes TrialCurated byThe Tech Desk
The second week of Elizabeth Holmes' fraud trial has concluded, marked by testimony from former Theranos colleagues. The star witness was perhaps Erika Cheung, the person who blew the whistle to regulators. She testified that there were red flags in the company's testing practice and described Theranos' technology as inadequate for testing patient samples. Surekha Gangakhedkar, a former company senior scientist, also took the witness stand.
Elizabeth Holmes Testifies in Surprise Move by Defense at Fraud TrialCurated byThe Tech Desk
After prosecutors rested their case last Friday, defense lawyers called the former Theranos CEO to the stand. Legal experts did not expect the move. In the first three days of her testimony, Holmes admitted though she used Pfizer and Schering-Plough's logos on investor documents without approval, it wasn't meant to deceive anyone. She also sought to redirect blame to others, casting herself as a visionary and expressing faith in what Theranos was doing. Her testimony resumes next week.
CNN Business — This week in the criminal trial of Elizabeth Holmes, jurors heard how the billionaire family of former Education Secretary Betsy DeVos eagerly poured nearly $100 million into failed blood-testing startup Theranos after a visit to its Palo Alto headquarters. The DeVos family, whose …
Most of the 15 witnesses who have testified in the six-weeks-and-counting trial of Elizabeth Holmes had one thing in common: They fell out at some point with the Theranos founder. Some were frustrated employees turned whistleblowers. Others were gullible corporate collaborators burned by their …