Fri. Jan 21st, 2022


Elizabeth Holmes speaks on stage during the concluding session of the Clinton Global Initiative 2015 on September 29, 2015 in New York City.

Elizabeth Holmes speaks on stage during the concluding session of the Clinton Global Initiative 2015 on September 29, 2015 in New York City.
Pictures: JP Yam (Getty Images)

Elizabeth Holmes, founder of blood testing startup Theranos, will go down in history as the woman entrepreneur who took Silicon Valley by storm, spoke in a smooth game and left a financial disaster behind. On Monday, a California jury added another line to the biography: A company executive is guilty of many crimes.

After a few days of discussion, Judges found Holmes guilty He has been charged in four of the 11 cases. All of the charges were related to wire fraud or conspiracy to commit wire fraud against Theranos investors, who had invested millions of dollars in supporting small, portable medical devices. Blood. The problem was that The devices did not work.

Holmes’s trial Started in August After years of working for his lawyers Charge down Against him. Notably, the jury rejected the claim that Holmes conspired against the patients who paid Theranos or falsified the wire, noting him guilty in four cases related to the matter. It failed to reach a conclusion on the other three counts of wire fraud against investors.

Jury decision on all numbers, reported by The Wall Street Journal, Can be seen below:

1. Conspiracy to wire fraud against Theranos investors: Guilty

2. Conspiracy to wire fraud against patients paying Theranos: Not guilty

3. Wire Fraud Against Theranos Investors: ওয় 99,990 Wire Transfer From Alan J. Eisenman: There is no verdict

4. Wire Fraud Against Theranos Investors: Wire Transfer of, 5,349,900 from Black Diamond Ventures: There is no verdict

5. Wire Fraud Against Theranos Investors: ওয় 4,875,000 Wire Transfer From Hall Phoenix Inn Limited: There is no verdict

6. Wire fraud against Theranos investors: Wire transfer of $ 38,336,632 from PFM Healthcare Master Fund: Guilty

7. Wire Fraud Against Theranos Investors: ্যার 99,999,984 Wire Transfer from Lakeshore Capital Management LP: Guilty

8. Wire Fraud Against Theranos Investors: Wire Transfer of, 5,999,997 from Mosle Family Holdings LLC: Guilty

9. Cable Fraud Against Patients Providing Theranos: Cable Infections With Patient ET Blood Test Results: Not guilty

10. Cable Fraud Against Patients Providing Theranos: Cable Infection Of Patient ME Blood Test Results: Not guilty

11. Wire Fraud Against Patients Paying Theranos: স্থান 1,126,661 Wire Transfer to Buy Advertising for Theranos Wellness Center: Not guilty

In his defense, Holmes’ lawyers argued that investors should have done more research on Theranos and, more importantly, the CEO’s failure. Not a crime. Holmes echoed the latter when he testified, saying he believed what the people running Theranos’ lab were telling him. He claimed that he believed the company’s products worked and wanted to talk about what the company could do in the future.

“I wanted to talk about what this company can do one year from now, five years from now, 10 years from now,” Holmes said. New York Times. “I wanted to talk about what is possible.”

Holmes’ testimony also included allegations against Sunny Balwani, the chief operating officer of Theranos, and her ex-boyfriend, who claimed to have sexually abused her. Holmes said Balwani, with whom he had been secretly dating for more than 10 years, controlled every part of his life, including his schedule, self-presentation and time with his family. Also, she said that Balwani, who is 20 years older than her, forced her to have sex with him.

Balwani denies Holmes’ allegations. He has also been charged with fraud and has pleaded not guilty.

Each convict carries a maximum sentence of 20 years in prison, which will probably be served simultaneously. Holmes is expected to appeal.



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