Theranos founder Elizabeth Holmes found guilty on four counts of defrauding investors
The Theranos saga has captivated the pharma world over the last two decades, from its founding to its sharp rise and even sharper decline. And late Monday, its founder and former CEO Elizabeth Holmes was found guilty on several counts related to misleading investors, with each carrying a maximum of up to 20 years in prison.
Jurors returned the verdict Monday evening, finding Holmes guilty on one count of conspiracy to commit wire fraud and three counts of wire fraud against specific investors, with several news outlets reporting on the result. Holmes was found not guilty on four counts related to defrauding patients and jurors deadlocked on three counts of misleading individual investors.
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