Theranos founder Elizabeth Holmes guilty in fraud trial

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Elizabeth Holmes (C) enters the courthouse accompanied by her partner, Billy Evans (2nd L) and her mother (L) in her fraud trial in San Jose, California, January 3, 2022 (AFP/Nick Otto)
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  • Elizabeth Holmes
    American businessperson; a subject of an SEC investigation

Fallen US biotech star Elizabeth Holmes was convicted on Monday of defrauding investors in her blood-testing startup Theranos, in a high-profile case seen as an indictment of Silicon Valley culture.

Jurors found Holmes guilty of tricking investors into pouring money into what she said was a revolutionary testing system, but also acquitted her on some charges, and failed to agree on others.

The 37-year-old now faces the possibility of years behind bars, in a case that put on trial the line between startup hustle and criminal dishonesty.

Holmes had vowed to revolutionize diagnostics with self-service machines that could run an array of tests on just drops of blood, a vision that drew high-profile backers and made her a billionaire by the age of 30.

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