Holmes Could Face Decades in Prison Following Guilty Verdict on Four Counts
Elizabeth Holmes is facing decades in prison after a jury found her guilty of four fraud charges. The founder and former chief executive officer of blood-testing company Theranos, Holmes has been found guilty of bilking hundreds of millions of dollars from investors to prop up her company and its failed technology.
The jury deliberated over the holiday season and finally concluded after a deadlock. While Holmes was found guilty of four charges, the jury concluded that she was not guilty on four other charges that were connected to allegations of patient fraud related to false tests results that had been sent to them. In 2016, Theranos invalidated results from thousands of tests it had conducted through its partnership with Walgreens, prompting several lawsuits from patients who used the false results to schedule medical procedures.
There were three other charges of investor fraud that the jury remained deadlocked on. According to NPR, Edward Davila, the U.S. district judge for the Northern District of California in San Jose who has presided over the case, is expected to declare a mistrial on those charges. If that does occur, the prosecution could seek to retry Holmes on those counts, but according to an NPR report, as of this time, the intentions of the government legal team are unclear.
Seven years ago, Holmes graced magazine covers as one of the richest women in the United States. Her company,...
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