The founder of the spectacularly failed US blood test company Theranos, Elizabeth Holmes, is said to have lured investors with deliberate false claims. She is threatened with a prison sentence of several years.

Elizabeth Holmes (center) leaves the courthouse in San Jose, California with her partner Billy Evans and parents. (January 3, 2022)

The founder of the US blood test company Theranos, Elizabeth Holmes, has been found guilty of fraud by a jury in California. The 37-year-old has lured investors with deliberate false allegations about Theranos technology to invest money in her company, the jury ruled in her guilty verdict, which was announced on Monday evening in San Jose, California.

The sentence against Holmes will be announced at a later date. You face several years in prison. However, the entrepreneur was not found guilty on all eleven counts, but only on four.

Holmes founded Theranos in 2003 at the age of only 19. The company advertised a supposedly revolutionary technology for fast and inexpensive blood tests. Holmes became a billionaire through Theranos.

Her blood test devices are not working

The charismatic young entrepreneur became the star of California's high-tech center for years celebrated and was able to win prominent supporters such as ex-foreign minister Henry Kissinger. It later became clear that their blood testing machines were not working at all.

In the process, however, Holmes dismissed the fraud allegations. She claimed to have believed in her company's technology.

(AFP/chk)

Your opinion

By Teresa Tapmleton

Teresa Tampleton has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Nizh TEkegram, Teresa Tampleton worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my teresa@ntelegram.com 1-800-268-7341

Leave a Reply

Your email address will not be published. Required fields are marked *