The founder of Theranos startup Elizabeth Holmes was found guilty of fraud. She faces up to 20 years in prison

Juliette Morgan
Juliette Morgan
The founder of Theranos startup Elizabeth Holmes was found guilty of fraud. She faces up to 20 years in prison

During yesterday's court hearing in San Jose, California, the jury found 37-year-old Elizabeth Holmes, the founder of the startup Theranos, guilty on four of 11 counts. The guilt of the entrepreneur in conspiracy and fraud to deceive investors has been proven. Holmes faces up to 20 years in prison and a fine of up to a million dollars. However, according to lawyers, it is unlikely that she will be given the maximum penalty. The jury has not yet reached a consensus on three points, so they will still be considered. Holmes arrived at the meeting with her fiance Billy Evans and her parents. She did not communicate with the numerous journalists gathered near the courthouse, and did not give any comments.

Elizabeth Holmes became famous when, at the age of 19, she dropped out of Stanford University and created a startup Theranos. At Stanford, the girl studied to be a chemist. As the start-up capital of the company, she used the money she had accumulated for her studies. The entrepreneur claimed that she had invented a unique device that would help to instantly make a wide range of diagnoses with just one drop of blood. Opened in 2003, the company attracted huge investments, by 2014 the value of Theranos was already estimated at nine billion dollars. Among the investors were figures such as Rupert Murdoch and Bill Clinton. The fortune of Holmes herself, according to press estimates, reached $ 4.5 billion. She was the leader in the Forbes ranking of the richest women in America who earned their billions on their own, and the press called her almost the new Steve Jobs.

The end of a beautiful success story came in 2015, when it turned out that Theranos technology was not working. As described in an investigation published in The Wall Street Journal, the company secretly conducted tests on someone else's equipment. It was also reported that patients were misdiagnosed. Holmes herself was forced to admit this, but she expressed her willingness to rebuild the laboratory from scratch in order to prevent incorrect test results in the future. Soon, the U.S. Attorney's office began investigating the possibility that Holmes deliberately misled investors and officials about her achievements.In 2018, the company was closed, and in the summer of 2021, the trial of its founder began. This spring, Hulu will release a series based on the Holmes story. In the multi-part film "The Dropout" (The Dropout), the main role is played by Amanda Seyfried.

More in the section Celebrity

Brian Landry confessed to murdering Gabby Petito and took his own life
Celebrity

Brian Landry confessed to murdering Gabby Petito and took his own life

Representatives of the US Federal Bureau of Investigation reported that Brian Landry in his diary claimed responsibility for the murder of G...

Emma Roberts broke up with the father of her child Garrett Hedlund
Celebrity

Emma Roberts broke up with the father of her child Garrett Hedlund

Emma Roberts and Garrett Hedlund broke up - this was reported to People by anonymous sources who are in the couple's inner circle. The break...

Off-duty: Madonna and her boyfriend Ahlamalik Williams on a walk in Los Angeles
Celebrity

Off-duty: Madonna and her boyfriend Ahlamalik Williams on a walk in Los Angeles

Madonna got into the lenses of street photographers, going to dinner on the arm of her 27-year-old lover Ahlamalik Williams in Los Angeles....

Megan Fox and Colson Baker celebrate their engagement in Italy on Lake Como
Celebrity

Megan Fox and Colson Baker celebrate their engagement in Italy on Lake Como

Megan Fox shared on Instagram footage from a romantic vacation with her future husband Colson Baker, better known as Machine Gun Kelly. The...

"Hands off my vagina": Gwyneth Paltrow unveiled a new scented candle in defense of women's reproductive rights
Celebrity

"Hands off my vagina": Gwyneth Paltrow unveiled a new scented candle in defense of women's reproductive rights

Gwyneth Paltrow has introduced a new scented candle on her Goop website called Hands Off My Vagina ("Hands Off my Vagina"). The fragrance wa...

Little patients and a therapy dog: how was the visit of Kate Middleton and Prince William to the hospital in Lancashire
Celebrity

Little patients and a therapy dog: how was the visit of Kate Middleton and Prince William to the hospital in Lancashire

The other day, Kate Middleton and Prince William returned to their royal duties, and now the schedule of their visits is very busy again. Ye...

Pamela Anderson filed for divorce from her fifth husband a year after the wedding
Celebrity

Pamela Anderson filed for divorce from her fifth husband a year after the wedding

Pamela Anderson filed for divorce from her fifth husband, bodyguard Dan Hayhurst, just a year after the wedding. Western journalists learned...

Bill Gates warned about new viruses that will be more dangerous than coronavirus
Celebrity

Bill Gates warned about new viruses that will be more dangerous than coronavirus

Microsoft co-founder, billionaire Bill Gates said that in the future the world may face new pandemics that will be more dangerous than the C...

Britney Spears again publicly accused her sister of lying: "I should have slapped you and Mom"
Celebrity

Britney Spears again publicly accused her sister of lying: "I should have slapped you and Mom"

The conflict between Britney Spears and her younger sister Jamie Lynn Spears continues. In her last Instagram post, Britney again sharply cr...

The daughter of Norwegian Princess Martha became a TikTok star
Celebrity

The daughter of Norwegian Princess Martha became a TikTok star

16-year-old Leah Isadora Ben, granddaughter of King Harald V and daughter of Princess Marta, conquers TikTok. The girl started an account re...


Brian Landry confessed to murdering Gabby Petito and took his own life
Celebrity

Brian Landry confessed to murdering Gabby Petito and took his own life

Emma Roberts broke up with the father of her child Garrett Hedlund
Celebrity

Emma Roberts broke up with the father of her child Garrett Hedlund

Off-duty: Madonna and her boyfriend Ahlamalik Williams on a walk in Los Angeles
Celebrity

Off-duty: Madonna and her boyfriend Ahlamalik Williams on a walk in Los Angeles

Megan Fox and Colson Baker celebrate their engagement in Italy on Lake Como
Celebrity

Megan Fox and Colson Baker celebrate their engagement in Italy on Lake Como

"Hands off my vagina": Gwyneth Paltrow unveiled a new scented candle in defense of women's reproductive rights
Celebrity

"Hands off my vagina": Gwyneth Paltrow unveiled a new scented candle in defense of women's reproductive rights

Little patients and a therapy dog: how was the visit of Kate Middleton and Prince William to the hospital in Lancashire
Celebrity

Little patients and a therapy dog: how was the visit of Kate Middleton and Prince William to the hospital in Lancashire

Pamela Anderson filed for divorce from her fifth husband a year after the wedding
Celebrity

Pamela Anderson filed for divorce from her fifth husband a year after the wedding

Bill Gates warned about new viruses that will be more dangerous than coronavirus
Celebrity

Bill Gates warned about new viruses that will be more dangerous than coronavirus

Britney Spears again publicly accused her sister of lying: "I should have slapped you and Mom"
Celebrity

Britney Spears again publicly accused her sister of lying: "I should have slapped you and Mom"

The daughter of Norwegian Princess Martha became a TikTok star
Celebrity

The daughter of Norwegian Princess Martha became a TikTok star

John Malkovich was not allowed into a hotel in Venice — he did not have a "covid passport"
Celebrity

John Malkovich was not allowed into a hotel in Venice — he did not have a "covid passport"

Actor Gaspar Ulliel died after an accident in the mountains
Celebrity

Actor Gaspar Ulliel died after an accident in the mountains

Kate Middleton and Prince William return to royal duties after holidays
Celebrity

Kate Middleton and Prince William return to royal duties after holidays

"Treated like pieces of meat": Playboy models told what happened in Hugh Hefner's famous mansion
Celebrity

"Treated like pieces of meat": Playboy models told what happened in Hugh Hefner's famous mansion

Off-duty: Blake Lively and Ryan Reynolds on a walk in New York
Celebrity

Off-duty: Blake Lively and Ryan Reynolds on a walk in New York

Cristiano Ronaldo attended The Best FIFA Football Awards with his pregnant lover and eldest son
Celebrity

Cristiano Ronaldo attended The Best FIFA Football Awards with his pregnant lover and eldest son

A mermaid dog appeared in IKEA. The toy was invented by a schoolboy from St. Petersburg
Celebrity

A mermaid dog appeared in IKEA. The toy was invented by a schoolboy from St. Petersburg

In the USA, they want to make a web series on "Harry Potter" with transgender and non-binary actors
Celebrity

In the USA, they want to make a web series on "Harry Potter" with transgender and non-binary actors

Forbes named the highest paid female athletes of 2021
Celebrity

Forbes named the highest paid female athletes of 2021

Khabib Nurmagomedov launches fast food chain
Celebrity

Khabib Nurmagomedov launches fast food chain