{"id":20824,"date":"2022-01-03T21:30:49","date_gmt":"2022-01-04T02:30:49","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=20824"},"modified":"2022-01-03T21:30:49","modified_gmt":"2022-01-04T02:30:49","slug":"elizabeth-holmes-theranos-founder-convicted-of-fraud","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2022\/01\/03\/elizabeth-holmes-theranos-founder-convicted-of-fraud\/","title":{"rendered":"Elizabeth Holmes: Theranos founder convicted of fraud"},"content":{"rendered":"
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Theranos founder Elizabeth Holmes has been convicted of defrauding investors after a months-long landmark trial in California.<\/b><\/p>\n<\/div>\n<\/div>\n

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Prosecutors said Holmes knowingly lied about technology she said could detect diseases with a few drops of blood.<\/p>\n<\/div>\n<\/div>\n

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Jurors found Holmes guilty of four charges, including conspiracy to commit fraud against investors and three counts of wire fraud.<\/p>\n<\/div>\n<\/div>\n

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The 37-year-old could face up to 20 years in prison.<\/p>\n<\/div>\n<\/div>\n

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Holmes faced 11 charges in total and was found not guilty of four charges relating to defrauding the public.<\/p>\n<\/div>\n<\/div>\n

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The split verdict came after the judge said the jury, having deliberated for seven days, could deliver a partial verdict after being unable to reach consensus on another three counts.<\/p>\n<\/div>\n<\/div>\n

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Theranos, at one point valued at $9bn (\u00a36.5bn), was once the darling of Silicon Valley.<\/p>\n<\/div>\n<\/div>\n

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The firm promised it would revolutionise the healthcare industry, but its claims began to unravel in 2015 after a Wall Street Journal investigation reported that its core blood-testing technology did not work.<\/p>\n<\/div>\n<\/div>\n

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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.<\/p>\n<\/div>\n<\/div>\n

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