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Theranos founder Elizabeth Holmes guilty in fraud trial

Last Updated 04 January 2022, 02:04 IST

Fallen US biotech star Elizabeth Holmes was convicted on Monday of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture.

Jurors found Holmes guilty of tricking investors into pouring money into what she said was a revolutionary testing system, but also acquitted her on some charges, and failed to agree on others.

The 37-year-old now faces the possibility of years behind bars, in a case that put on trial the line between startup hustle and criminal dishonesty.

Holmes had vowed to revolutionize diagnostics with self-service machines that could run an array of tests on just drops of blood, a vision that drew high-profile backers and made her a billionaire by the age of 30.

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(Published 04 January 2022, 02:04 IST)

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