SAN FRANCISCO: Fallen US biotech star Elizabeth Holmes was convicted on Monday (Tuesday in Manila) of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture.
Elizabeth Holmes and partner Billy Evans, walk outside the federal court after she was found guilty on 4 of 11 accounts faced in her fraud trial in San Jose, California, January 3, 2022. 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 took seven days of deliberations to reach their verdict, finding her guilty of four counts of tricking investors into pouring money into what she claimed was a revolutionary testing system. AFP PHOTO
SAN FRANCISCO: Fallen US biotech star Elizabeth Holmes was convicted on Monday (Tuesday in Manila) of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture.