Disgraced Theranos boss Elizabeth Holmes is found GUILTY of four counts of wire fraud | Daily Mail Online
Elizabeth Holmes has been found guilty of four counts of wires fraud after a jury in San Jose found that she deceived investors into sinking more than $945 million into her faulty blood testing machines.
The former Theranos CEO is facing up to 20 years in jail – with each count of her sentence likely to be served concurrently. She is expected to appeal.
Holmes, 37, who modelled herself on Bill Gates and Steve Jobs, won widespread acclaim – including from Harvard University and Time magazine – for a phoney technology which she claimed would revolutionize blood-testing methods by using miraculously tiny volumes of blood, such as from a finger prick.
If I were she I would have dyed my hair and headed for Brazil. But then I would not have defrauded investors of a billion dollars. So it all balances out.