Theranos founder Elizabeth Holmes was convicted of multiple crimes

Elizabeth Holmes speaks at the closing ceremony of the 2015 Clinton Global Initiative in New York City on September 29, 2015.

Elizabeth Holmes speaks at the closing ceremony of the 2015 Clinton Global Initiative in New York City on September 29, 2015.
Photo: Yan Taiping (Getty Images)

Elizabeth Holmes, the founder of blood testing startup Theranos, will be recorded in history. She is a female entrepreneur who has swept Silicon Valley, talked about games, and left financial disasters. On Monday, the California jury added another line to the biography: a company executive committed so many crimes.

After several days of negotiation, The jury found Holmes guilty Of the 11 charges she was charged with, 4 were her charges. All the guilty charges are related to wire fraud or conspiracy to commit wire fraud against Theranos investors, who invested hundreds of millions of dollars to support the company’s claims that it can use a drop of patient’s blood to perform countless medical tests on small portable medical devices. blood.The issue is Device not working.

The Trial of Sherlock Holmes Start in August After years of hard work by her lawyer Screening fees Against her. It is worth noting that the jury dismissed Holmes’ charges of conspiracy or wire fraud against Theranos’ paying patients and found her not guilty on four counts related to the matter. It was unable to make a decision on the other three charges of wire fraud against investors.

The jury’s decision on all charges is determined by Wall Street Journal, Can be viewed below:

1. Conspiracy to commit wire transfer fraud against Theranos investors: guilty

2. Conspiracy to commit wire transfer fraud against Theranos paying patients: Not guilty

3. Wire transfer fraud against Theranos investors: Alan Jay Eisenman wire transfer $99,990: No verdict

4. Wire transfer fraud against Theranos investors: Wire transfer $5,349,900 from Black Diamond Ventures: No verdict

5. Wire transfer fraud against Theranos investors: Wire transfer of USD 4,875,000 from Hall Phoenix Inwood Ltd.: No verdict

6. Wire transfer fraud against Theranos investors: Wire transfer of USD 38,336,632 from PFM Healthcare Master Fund: guilty

7. Wire transfer fraud against Theranos investors: Wire transfer of USD 99,999,984 from Lakeshore Capital Management LP: guilty

8. Wire transfer fraud against Theranos investors: Wire transfer of USD 5,999,997 from Mosley Family Holdings LLC: guilty

9. Wire transfer fraud against patients paying Theranos: blood test results of wire transfer patients ET: Not guilty

10. Wire transfer fraud against Theranos payment patient: Wire transfer patient’s ME blood test results: Not guilty

11. Wire transfer fraud against Theranos paying patients: Wire transfer $1,126,661 to purchase advertisements for Theranos Health Center: Not guilty

Sherlock Holmes’ attorneys defended her by saying that investors should do more research on Theranos, and more importantly, the CEO’s failure was Not a crimeHolmes responded to the latter when she testified, saying that she believed what the head of Theranos laboratory told her. She claimed that she believed that the company’s products were effective, and she wanted to talk about the company’s future goals.

“I want to talk about what this company can do in one year, five years, ten years,” Holmes said. New York Times“I want to talk about what is possible.”

Holmes’ testimony also included allegations against Sunny Balwani, the chief operating officer of Theranos, and her ex-boyfriend, who claimed that they had emotionally and sexually abused her. Holmes said that Balwani, who she had secretly dated for more than 10 years, controlled all aspects of her life, including her schedule, self-introduction and time spent with family. In addition, she also stated that Balwani, who was 20 years older than her, forced her to have sex with him.

Balwani denied Holmes’ allegations. He was also charged with fraud and pleaded not guilty.

Each guilty charge is punishable by up to 20 years in prison, and may serve the sentence at the same time. Sherlock Holmes is expected to appeal.

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