Holmes was subsequently indicted in 2018. Theranos founder Elizabeth Holmes arrived at a California court on Monday to testify for a fourth day at her fraud trial, where she has portrayed herself as an entrepreneur who faced challenges in.
#Theranos founder elizabeth holmes trial#
Holmes bought a new dog in 2017, towards the very last stages of her career. While it looks like the trial of former Theranos CEO Elizabeth Holmes is still set to take place in late 2021 after it was once again delayed the first two times, in December 2020 and February. Her sentence is expected to take place on September 26, 2022. The story came to light after the Wall Street Journal published articles questioning the validity of the Theranos tests. Elizabeth Holmes, the founder of Theranos, was found guilty on four charges, including three counts of fraud and one count of conspiracy to commit wire fraud. It later turned out that the company had been secretly relying on conventional blood test machines manufactured by Siemens, according to prosecutors. The former company boss was also charged with misleading patients about how accurate their test results were. Former Theranos CEO Elizabeth Holmes faces up to 20 years in prison on each of the four counts of fraud on which she was convicted. She managed to raise millions from private investors, including the media magnate Rupert Murdoch. The accusations of fraud date back to the period from 2010 to 2015. She had risen to fame in Silicon Valley with the launch of her company in 2003. Prosecutors had accused the 37-year-old Holmes of convincing investors that Theranos machines could run various blood tests with smaller samples than standard methods. The jury acquitted her on the charges of defrauding patients.
The guilty verdicts revolved around defrauding investors or conspiring to defraud them. Theranos founder Elizabeth Holmes will be sentenced for felony fraud October 17 instead of September 26, according to a notice from the federal court where she was convicted Jan. She faces up to 20 years in prison for each count, a total of 80 years maximum, although the sentence will likely be lower.
#Theranos founder elizabeth holmes free#
The founder of the blood-testing start-up was convicted on four out of 11 counts. THERANOS FOUNDER ELIZABETH HOLMES: INSIDE HER WEIRD LIFESTYLE Holmes faces up to 20 years in prison, but is free on 500,000 bail while awaiting her sentencing scheduled for September. A United States jury found the former chief executive officer of Theranos, Elizabeth Holmes, guilty of conspiracy to defraud investors on Monday.
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