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Theranos founder Elizabeth Holmes convicted of fraud – BBC News


Elizabeth Holmes, founder of health technology company Theranos, has been convicted of defrauding investors after a landmark trial in California lasting several months.

Prosecutors said Holmes purposely lied about technology she said could detect diseases with a few drops of blood.

Jurors met Holmes guilty of four costs, including scheme to commit fraud against investors and three counts of wire forgery, all of which she denied.

The charges carry a maximum prison term of 20 years each, but Holmes was not taken into custody, with no date approved more for sentencing and a further hearing scheduled next week.

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