Tag: Theranos

Theranos founder Holmes ordered to prison, pay victims

SAN FRANCISCO, May 17, 2023 (AFP) – Fallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. She was scheduled to begin serving prison time on April 27, but her lawyers lodged a last-minute appeal on procedural issues after an […]

Theranos founder Elizabeth Holmes guilty in fraud trial

SAN FRANCISCO, United States (AFP) – 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 […]