Stay updated with breaking news from David Ring. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Billionaires and other investors were duped into backing a seemingly revolutionary company whose medical technology never worked as promised.
Former Theranos CEO Elizabeth Holmes has been convicted on four counts of fraud and conspiracy, ending a lengthy trial that captivated Silicon Valley.
Former Theranos CEO Elizabeth Holmes was convicted on four counts of fraud and conspiracy Monday, ending a lengthy trial that has captivated Silicon Valley.
The 37-year-old Holmes was found guilty on 2 counts of wire fraud and 2 counts of conspiracy to commit fraud on Monday after 7 days of deliberation. The jury decision followed a three-month trial featuring dozens of witnesses, including Holmes herself, and numerous exhibits.
The jury weighed fraud charges against former Theranos CEO Elizabeth Holmes, and on Monday, informed the judge they were deadlocked on three of them.