, The former leader and founder of Theranos, has been found guilty of wire fraud and wireless fraud. Holmes faces up to 20 years in prison for embezzlement. The verdict comes after months of trial, and more after being first accused and forced to resign as CEO in 2018.
In all 11 cases, Holmes was found guilty of four counts of conspiracy to commit robbery and three counts of conspiracy to defraud. He was found not guilty of four counts of felony criminal mischief, including one count of conspiracy to commit ill-treatment, two counts of fraud against a bank teller, and one count of fraud from Theranos’ advertisements in Arizona. The judges were dead on three other counts of fraudulent wire and did not rule on these cases.
During the trial, Holmes’ lawyers tried to portray him as a young businessman with little experience. “Elizabeth Holmes worked to the bone for 15 years trying to make laboratory tests cheaper,” one of Holmes’ attorneys said. . “He failed … but failure is not a crime.”
Holmes, amen in the case, he said he did not want to mislead people or depositors, and was advised to protect the company’s “company secrets”. Monga The New York Times he explained, “he gave a great deal of evidence that the Theranos were responsible for the company’s wrongdoing.”
The prosecutor alleges that Holmes was aware of the seriousness of the company’s technical errors and had hidden the information from depositors. Former patients who underwent abnormal blood tests also testified, including a woman from Arizona who received incorrect results due to incorrect tests. , and a woman who did not recognize him .
Holmes’ story has been of great interest even to those outside of Silicon Valley. At its peak, Theranos was worth more than $ 9 billion, and it had a board of directors filled with former allies. , including two former Secretary of State, Henry Kissinger and George Shultz. Holmes, who resigned from Stanford to start the company, appeared on a regular basis and was often compared to Steve Jobs and other well-known founders. (Holmes himself claims to have been attracted to Jobs and signed his signature .)
The past Wall Street Journal journalist John Carreyrou was the first to report on Theranos’ expertise in 2015, and his publication led to several investigations and allegations that led to Holmes and former COO Ramesh “Sunny” Balwani being prosecuted. In his defense, Holmes testified that his loving relationship with Balwani existed . Balwani’s trial is expected to begin .
There has been no shortage of Holmes pop pop performances. After Carreyrou’s best sellers, Bad Blood, there were and several podcasts on the rise and fall of Theranos. Hulu was first established a about the saga, when Amanda Seyfried sang as Holmes, in March. And Apple soon a film directed by Jennifer Lawrence Bad Blood.
Holmes, who can appeal the charges, could face up to 20 years in prison, although it is not known when he will be sentenced.
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