Page 50 - David Ring News Today

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.

SAN JOSE, Calif. (AP) — 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.

Prosecutors depicted Theranos CEO Elizabeth Holmes as a charlatan obsessed with fame and fortune

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

The jury delivered the verdict after announcing they were deadlocked on three of the 11 charges faced by Holmes Elizabeth Holmes, founder of Theranos, has been found guilty on four of 11 charges of fraud, concluding a high-profile trial that...

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.

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