As expected! Theranos founder Elizabeth Holmer found guilty of investment fraud
In California, a federal jury found Elizabeth Holmes, the Theranos founder, guilty of investment fraud. She was charged with nine counts of wire fraud, and two counts of conspiracy to commit wire fraud under an indictment brought 3 ½ years ago. The jury convicted her on four of 11 charges of investment fraud. Each count carries a maximum prison sentence of 20 years. However, the 12 jurors failed to reach a verdict on three counts related to investors and were found not guilty of four charges relating to defrauding the public.