Elizabeth Holmes was found guilty of criminal fraud after she built her blood-testing startup Theranos Inc. into a $9 billion company only to see it collapse in scandal.
A jury in San Jose, California, returned the verdict after hearing three months of testimony that was often technical, heavily contested and, from Holmes herself, shocking. Unless the decision is overturned on appeal, the 37-year-old new mother faces as long as 20 years in prison, though she’s likely to be sentenced to far less than that.
Holmes, wearing a mask in the courtroom as everyone else did, stayed perfectly still and upright while the verdict was read. She looked directly at the jury as they were polled by the judge to determine if the verdict matched their conclusions.
Holmes’s fall from her status as celebrity chief executive to convicted felon marks one of the most dramatic descents in Silicon Valley history. After deliberating for seven days, jurors agreed Monday with prosecutors that Holmes lied to patients and investors over several years about the accuracy and capabilities of Theranos blood analyzers. Holmes was convicted of four out of 11 counts of conspiracy and wire fraud. The jury didn’t reach a verdict on three of the counts.
[ Ссылка ]
Subscribe to our YouTube channel: [ Ссылка ]
Subscribe to our newest channel Quicktake Explained: [ Ссылка ]
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit [ Ссылка ], or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: [ Ссылка ]
Connect with us on…
YouTube: [ Ссылка ]
Breaking News on YouTube: [ Ссылка ]
Twitter: [ Ссылка ]
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
