Jury found Theranos founder guilty of defrauding investors

Jury found Theranos founder guilty of defrauding investors

The jury found the founder of the American medical company Theranos Elizabeth Holmes guilty of defrauding investors, the final verdict of the court has not yet been passed. This was announced on Monday, January 3, by CNBC.

It is noted that after seven days of discussions, the jury delivered a guilty verdict on four of the eleven points, and on three they could not come to a consensus.

It is clarified that Holmes is accused of fraud and conspiracy.

Theranos specializes in the development of state-of-the-art technology for blood testing. Investors, doctors and patients have been misled by claims by the founder of the company, Elizabeth Holmes, about the alleged development and financial condition of the company.

In 2018, the prosecutor’s office of the American city of San Jose indicted the management of Theranos for luring $ 700 million from investors, doctors and patients.

In March 2018, Elizabeth Holmes paid a fine of $ 500 thousand.Then she was banned from holding managerial positions in private companies for 10 years.

Source: IZ

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts