Elizabeth Holmes Found Guilty On Four Counts Of Defrauding Theranos Investors

After two weeks of deliberations, the jury in the trial of Theranos founder Elizabeth Holmes’ fraud trial has returned a guilty verdict.

Holmes was found guilty on four out of 11 charges of fraud relating to her failed blood-testing startup, CNN reported.

“She was found not guilty on three additional charges concerning defrauding patients and one charge of conspiracy to defraud patients. The jury returned no verdict on three of the charges concerning defrauding investors, and Judge Edward Davila, who is presiding over the case, is expected to declare a mistrial on those charges,” the outlet reported. “The charges Holmes was found guilty of include one count of conspiracy to defraud investors, as well as three wire fraud counts tied to specific investors. Holmes faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count.”

U.S. Attorney Stephanie Hinds reacted to the verdict in a statement.
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