Page 46 - David Ring News Today

After a three-month trial, a jury has found fallen Silicon Valley star Elizabeth Holmes guilty of fraud.   Former Theranos CEO has been accused of turning her blood-testing startup into a sophisticated sham. She has allegedly duped billionaires and other unwitting investors into backing a seemingly revolutionary company, whose technology never worked as promised.  

In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood. A jury convicted Holmes, who was CEO throughout the…

Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.

Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.

Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.

The jury weighed fraud charges against former Theranos CEO Elizabeth Holmes, and on Monday, informed the judge they were deadlocked on three of them.

Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.

Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.

Holmes, 37, was convicted on four out of 11 counts on Monday by a San Jose jury, which acquitted on four other counts of fraud and conspiracy and deadlocked on the three remaining charges.

The President described the now convicted fraudster as 'inspired and amazing', helping to 'legitimise' her laboratory