Page 5 - John Bostic News Today

A former Theranos project manager testified in former executive Ramesh "Sunny" Balwani's criminal fraud trial Friday that Balwani was in charge of various aspects of the blood-testing startup, including its software development and clinical lab, and Balwani gave him Theranos' financial projections to share with investors.

Elizabeth Holmes was found guilty of criminal fraud for her role building the blood-testing startup Theranos Inc. into a $9 billion company that collapsed in scandal.

The case against the founder of the failed blood testing start-up Theranos came to symbolize the pitfalls of Silicon Valley’s culture of hustle and hype.

A jury has convicted Theranos founder Elizabeth Holmes on four counts of fraud on their seventh day of deliberations.

Jurors have heard from witnesses, including Ms. Holmes, in testimony that featured accusations of fraud and dramatic allegations of abuse.

(NEW YORK) — A jury has convicted Theranos founder Elizabeth Holmes on four counts of fraud on their seventh day of deliberations. She was acquitted on another four, and a mistrial was declared on the remaining three counts. Holmes was found guilty on one count […]

Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos, was found guilty on four charges of defrauding investors, capping off the stunning downfall of a former

Holmes faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count.

SAN JOSE, Calif. -- Elizabeth Holmes, founder of the failed blood-testing startup Theranos, was found guilty Monday on four of the 11 fraud charges she faced, in a case that came to symbolize the pitfalls of Silicon Valley's culture of hustle, hype and greed.

SAN JOSE, Calif. -- Elizabeth Holmes, founder of the failed blood-testing startup Theranos, was found guilty Monday on four of the 11 fraud charges she faced, in a case that came to symbolize the pitfalls of Silicon Valley's culture of hustle, hype and greed.