A jury finds Elizabeth Holmes guilty of fraud
Theranos’s founder captured the imagination of investors, political bigwigs and Hollywood alike
ON JANUARY 3RD, after seven days of deliberation, a 12-member jury in Silicon Valley found Elizabeth Holmes, the entrepreneur behind a blood-testing startup, guilty of four counts of fraudulently deceiving investors. Each count carries a prison term of up to 20 years; no date has been set for her sentencing. She was acquitted of four charges of deceiving patients and doctors; on three others the jury were deadlocked. The verdict, against which Ms Holmes’s lawyers are expected to appeal, marks the collapse of a career that beguiled the media, politicians and investors.
This article appeared in the Business section of the print edition under the headline “Blood will have blood”
Business January 8th 2022
- Just how big in media does Apple want to be?
- Streaming giants get more serious about children’s shows
- A jury finds Elizabeth Holmes guilty of fraud
- Will the cloud business eat the 5G telecoms industry?
- Cars meet chips in Sin City
- Why workers are fleeing the hospitality sector
- The rise of performative work
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