Theranos founder Elizabeth Holmes found guilty in fraud case

Published January 4, 2022 12:13am ET



Elizabeth Holmes, founder and former CEO of Theranos, speaks at an event in San Francisco.
Elizabeth Holmes, founder and former CEO of Theranos, was indicted on fraud charges.

A California jury on Monday found Theranos founder Elizabeth Holmes guilty in a case in which she was accused of covering up lies about her company’s blood-testing technology to dupe investors out of hundreds of millions of dollars.

Holmes, 37, was charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud in 2018 after her Silicon Valley start-up buckled under the weight of falsified claims it could scan for hundreds of diseases and other health problems using just a few drops of blood from a tiny finger prick.

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