Theranos founder Elizabeth Holmes faces 9 counts of federal wire fraud and 2 counts of conspiracy to commit wire fraud

0
163

The criminal fraud case of Theranos founder Elizabeth Holmes has made its way to the jury of eight men and four women who will decide her fate.


Holmes, once hailed as the next Steve Jobs, now faces nine counts of federal wire fraud and two counts of conspiracy to commit wire fraud. If convicted by the jury, Holmes faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count of wire fraud and each conspiracy count. She has pleaded not guilty.


Theranos was an American privately held corporation which was touted as a breakthrough health technology company, with claims of having devised blood tests that required only very small amounts of blood and could be performed very rapidly using small automated devices the company had developed.