View Single Post
Old 04-01-2022, 12:04 AM #6
arista's Avatar
arista arista is offline
Senior Member
 
Join Date: May 2006
Posts: 185,912
arista arista is offline
Senior Member
arista's Avatar
 
Join Date: May 2006
Posts: 185,912
Default

Elizabeth Holmes: Theranos founder convicted of fraud

Another Court date soon.


[The 37-year-old could face up to 20 years in prison.
Holmes was found not guilty of four other charges,
including knowingly lying to the public.
The jurors were unable to reach a verdict on
three other counts they were considering.

The split verdict came after the judge said the jury,
having deliberated for seven days,
could deliver a partial verdict.
Theranos, at one point valued at $9bn (£6.5bn),
was once the darling of Silicon Valley.
The firm promised it would revolutionise the healthcare industry,
but it began to unravel in 2015
after a Wall Street Journal investigation
reported that its core blood-testing technology
did not work. It was was officially shuttered in 2018.

For nearly four months at trial, the jury of
eight men and four women were presented with
two starkly different accounts of the
former self-made billionaire,
whose downfall shook Silicon Valley.]



https://www.bbc.co.uk/news/world-us-canada-59734254

Last edited by arista; 04-01-2022 at 12:41 AM.
arista is offline