Elizabeth Holmes, 37, was found guilty of turning her blood-testing start-up firm Theranos into a sophisticated sham that duped billionaire investors into backing revolutionary finger-prick technology that did not work.
A jury convicted her on two counts of wire fraud and two of conspiracy to commit fraud after seven days of deliberations following a three-month trial. Holmes faced 11 charges and was found not guilty of four, with the jury deadlocked on the remaining three.
She founded Theranos as a 19-year-old shortly after dropping out of studying chemical engineering at Stanford University. At one point the company was valued at $9 billion (£6.5 billion) and was the darling of a male-dominated Silicon Valley. Holmes drew comparisons to Apple’s Steve Jobs.
The firm promised it would revolutionise the healthcare industry, scanning for hundreds of diseases by taking just a few drops of blood with a finger prick instead of inserting a needle in a vein.
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