Economics/Class Relations

Theranos Founder Elizabeth Holmes Found Guilty of Four Charges of Criminal Fraud

By National Review

Elizabeth Holmes, the founder of health-technology company Theranos, has been found guilty of four charges of criminal fraud, for which she potentially faces a sentence of up to 20 years in jail.

The jury returned the verdict after three months of testimony from 32 witnesses. Of the eleven charges initially brought against Holmes, four were dismissed, three did not result in a verdict owing to jury standstill, and four received convictions. Holmes was found guilty of conspiring to commit wire fraud in addition to three counts of committing wire fraud.

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