Elizabeth Holmes
According to the indictment the charges stem from allegations that Holmes and Balwani engaged in a multi-million-dollar scheme to defraud investors and a separate scheme to defraud doctors and patients. The former Silicon Valley darling was convicted of one count of conspiring to commit wire fraud against Theranos investors and three counts of fraud in connection to wire.
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In 2015 Forbes estimated Elizabeth Holmess net worth to be 45 billion thanks the company she founded at just 19 years old.
. More than three years after Elizabeth Holmes was first indicted and nearly four months after her trial kicked off the founder and former CEO of failed blood testing startup Theranos was found. Elizabeth Holmes founder of failed blood-testing startup Theranos Inc was found guilty on four of 11 criminal-fraud charges. A jury found Elizabeth Holmes guilty of defrauding investors out of hundreds of millions of dollars.
The conclusion comes roughly four. The verdict on Monday capped the downfall of one of Silicon Valleys most dynamic and scandal. A jury has found embattled Theranos founder Elizabeth Holmes guilty of four of the 11 charges she faced in her fraud trial.
Elizabeth Holmes jolted into the spotlight in 2015 when Forbes named the Theranos CEO and founder the worlds youngest and wealthiest self-made billionaire. Theranos was touted as a revolutionary blood-testing company that. Elizabeth Holmes and Ramesh Sunny Balwani are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud.
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