The disgraced founder of Theranos was found guilty on four counts of fraud, surprising no one.
Holmes, who dropped out of Stanford at 19 to launch blood testing start-up Theranos, was found guilty by a jury of four counts of fraud, including three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors. Followers of Holmes’ “work” will remember that she lead investors to believe Theranos’ supposed proprietary technology was capable of conducting “revolutionary” blood tests.
Theranos, an entirely women-led health startup once valued at $9 billion and widely considered a unicorn within Silicon Valley, rocketed a young Holmes and her accompanying dead eyes to prominence… and just as quickly tanked her reputation.
The court proceedings were just as tumultuous as Holmes’ own fall from glory. As part of a strategy to point fingers at Theranos’ other key leadership, the founder gave tearful testimony that she was raped at Stanford University and lateremotional and sexual abuse by long-time boyfriend Balwani. Later, she admitted that she never received permission to apply logos from pharmaceutical companies on reports given to investors, feigning support from the corporate giants.
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