Businesswoman Elizabeth Holmes, who boasted of developing a revolutionary blood test, was found on Monday by a federal court in San Jose, charged with 4 of 11 charges of fraud and collusion against her in a high-profile trial. She faces up to 20 years in prison.
Holmes was found guilty of conspiring to defraud investors and defraud a total of nearly $ 50 million from shareholders. The jury cleared her of four other allegations after seven days of deliberation and was unable to reach a unanimous decision on the other three. Nevertheless, she faces a maximum sentence of up to 20 years in prison. The sentence will be decided by the court at a later hearing.
- A wonderful machine that can read anything in a single drop of blood. The story of the great fraud in the world of medicine [FRAGMENT OF THE BOOK]
The case of Holmes – the founder of the Theranos start-up and once perceived as a young rising star in Silicon Valley – was one of the loudest cases in recent years. She was devoted to, among others HBO’s best-selling book and documentary.
A woman – once compared to Steve Jobs – claimed that her company had invented a device that would revolutionize medicine by being able to perform quick blood tests using only a few drops of it. Before it was revealed that she had greatly exaggerated her achievement, she had managed to attract many influential investors. Among them was, among others former Pentagon chief Gen. James Mattis, and former US chiefs George Schultz and Henry Kissinger. At its peak, the company was valued at $ 19 billion, though it ultimately collapsed in 2018.
Holmes pleaded not guilty, arguing that she had acted in good faith. She also claimed that she was used and manipulated by her partner – business and life – Sunny Balwaniei, with whom she ran the company. Balwani will respond to allegations of fraud in a different lawsuit.
From Washington, Oskar Górzyński (PAP)
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