Top US Businesswoman Is Found Guilty Of Fraud
The Herald|January 05, 2022
American entrepreneur Elizabeth Holmes has been convicted of fraud for turning her blood-testing startup Theranos into a sophisticated sham.
Top US Businesswoman Is Found Guilty Of Fraud

The scheme duped billionaires and other unwitting investors into backing a seemingly revolutionary company whose medical technology never worked as promised.

A jury convicted the 37-year-old on two counts of wire fraud and two counts of conspiracy to commit fraud after seven days of deliberation.

The verdict followed a threemonth trial featuring dozens of witnesses including Holmes herself.

She now faces up to 20 years in prison for each count, although legal experts say she is unlikely to receive anything close to the maximum sentence.

This story is from the January 05, 2022 edition of The Herald.

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This story is from the January 05, 2022 edition of The Herald.

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