Asia Pacific News World

Theranos Founder Convicted Of Fraud

Theranos founder, Elizabeth Holmes has been convicted of defrauding investors after a months-long landmark trial in California.

Prosecutors said Holmes knowingly lied about technology she said could detect diseases with a few drops of blood.

Jurors found Holmes guilty of four charges, including conspiracy to commit fraud against investors and three counts of wire fraud.

She denied the charges, which carry a maximum prison term of 20 years each

Holmes was not taken into custody, with no date confirmed yet for sentencing and a further hearing scheduled next week.

She faced 11 charges in total and was found not guilty of four charges relating to defrauding the public.

Related posts

FCTA Taskforce Invade Colonies


Ethiopia Denies WHO Claim On Tigray Aid Blockade


All Flags To Be Flown At Half Mast – FG

Shakirat Alabi

Leave a Comment