TIWN
San Francisco, Jan 4 (TIWN) Elizabeth Holmes, the youngest and wealthiest female self-made billionaire, has been found guilty of defrauding investors as founder and CEO of healthcare company Theranos in the US, which promised to revolutionise blood testing.
She is also guilty of conspiracy to defraud investors with her co-defendant and Indian-origin Theranos COO, Sunny Balwani. Holmes faces up to 20 years in prison for each of the counts. After four months of court proceedings and seven days of deliberations, the jury reached a verdict and Holmes was found guilty of conspiring to defraud investors, as well as defrauding investors from the DeVos family, hedge fund manager Brian Grossman and former estate and trust attorney Dan Mosely, The Verge reported late on Monday.
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