Elizabeth Holmes, Once A Silicon Valley Star, Guilty In Theranos Fraud Trial

Tuesday, 4 January 2022newsdesk
Elizabeth Holmes, Once A Silicon Valley Star, Guilty In Theranos Fraud Trial
Fallen US biotech star Elizabeth Holmes was convicted on Monday of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture.

New Delhi, 04 January 2022

As per news report of NDTV, Jurors found Holmes guilty of four counts of tricking investors into pouring money into what she claimed was a revolutionary testing system, after a complex and lengthy trial. They acquitted her of a number of the charges she had faced, and did not reach a verdict on others. The 37-year-old now faces the possibility of years behind bars, in a case that put on trial the line between startup hustle and criminal dishonesty. Holmes had vowed to revolutionize diagnostics with self-service machines that could run an array of tests on just drops of blood, a vision that drew high-profile backers and made her a billionaire by the age of 30.

Source - NDTV

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