‘Female Steve Jobs' who duped investors with sham blood-testing tech faces years behind bars
Evening Standard|January 04, 2022
A FALLEN Silicon Valley star once hailed as the “female Steve Jobs” faces years behind bars after being convicted of fraud following a landmark trial.
John Dunne

Elizabeth Holmes, 37, was found guilty of turning her blood-testing start-up firm Theranos into a sophisticated sham that duped billionaire investors into backing revolutionary finger-prick technology that did not work.

A jury convicted her on two counts of wire fraud and two of conspiracy to commit fraud after seven days of deliberations following a three-month trial. Holmes faced 11 charges and was found not guilty of four, with the jury deadlocked on the remaining three.

She founded Theranos as a 19-year-old shortly after dropping out of studying chemical engineering at Stanford University. At one point the company was valued at $9 billion (£6.5 billion) and was the darling of a male-dominated Silicon Valley. Holmes drew comparisons to Apple’s Steve Jobs.

The firm promised it would revolutionise the healthcare industry, scanning for hundreds of diseases by taking just a few drops of blood with a finger prick instead of inserting a needle in a vein.

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