The former CEO of Theranos, the defunct blood-testing company, has been convicted on two counts of wire fraud and two counts of conspiracy to commit fraud.
According to the department, prosecutors alleged Theranos claimed its blood testing technologies could provide"accurate, fast, reliable, and cheap blood tests and test results.", the company's blood analyzer could only conduct a few tests and Theranos had been using the technology of other companies to perform the"vast majority" of its tests.
The jury was unable to come to a unanimous decision on the remaining three charges and prosecutors can initiate a new trial on these counts. But legal experts say she is unlikely to receive the maximum sentence, according to the AP, given she was acquitted on four charges.Elizabeth Holmes Trial, Theranos CEO Jail Time and Verdict Explained
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Theranos CEO Elizabeth Holmes is found guilty on 4 counts in her fraud trialJUST IN: Elizabeth Holmes, the former chief executive of the once high-flying biotech startup Theranos, was found guilty on four of 11 charges of defrauding the company's investors and patients. She was found not guilty on three counts.
Read more »
Former Theranos CEO Elizabeth Holmes Found Guilty of Fraud and ConspiracyJennifer Lawrence is set to portray her in the Apple Studios film 'Bad Blood' from director Adam McKay.
Read more »
Former Theranos CEO Holmes guilty of fraud and conspiracyFormer Theranos CEO Elizabeth Holmes was convicted on four counts of fraud and conspiracy Monday, ending a lengthy trial that has captivated Silicon Valley.
Read more »
Former Theranos CEO Elizabeth Holmes jury unable to reach unanimous verdict on 3 of 11 criminal chargesThe jury weighing fraud charges against former entrepreneur Elizabeth Holmes is unable to reach a unanimous verdict on three of the 11 criminal counts she faces, according to a note from the panel read aloud in court.
Read more »
Theranos CEO Elizabeth Holmes Found Guilty on Some Charges in Fraud Trial - E! OnlineTheranos CEO Elizabeth Holmes has been found guilty on four counts and not guilty on four counts in her fraud case, with the jury giving no verdict on three additional charges.
Read more »
Crypto CEO Brian Armstrong Buys Los Angeles Home for $133 MillionCoinbase CEO Brian Armstrong is the buyer of a $133 million Los Angeles estate, according to people familiar with the deal, in one of the priciest single-family home sales ever completed in the L.A. area
Read more »