Elizabeth Holmes

1 day agoFour years after the top two Theranos executives Elizabeth Holmes and Ramesh Sunny Balwani were first indicted together on a dozen federal fraud charges stemming from their time heading up the. A jury found Holmes not guilty on four.

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The company claimed to allow people to self-administer faster inexpensive and less-intrusive blood tests.

. She was found guilty of defrauding investors and conspiracy to commit wire fraud. Elizabeth Holmes is the former CEO of Theranos a blood testing company which claimed to detect diseases including cancer with just a few drops of blood. Two Months and 20 Years Holmes trial has taken over two months but has finally come to a close.

Holmes is named to the magazines American billionaire list with the outlet reporting she owns a 50 stake in the startup pinning her personal wealth. After many long years Elizabeth Holmes trial has come to an end and shes been sentenced. On January 3 2022 Elizabeth Holmes was found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud by misleading investors.

The former boyfriend of Elizabeth Holmes was convicted for his role in defrauding investors and patients in connection with the multibillion-dollar blood-testing startup. She faces up to 20 years in prison and fines of up to 250000. The federal fraud case against the top executives of the failed biotech company Theranos posed an interesting tale of two different trials according to ABC News Rebecca Jarvis.

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