Tuesday, January 4, 2022

Jury Finds Theranos' Founder Elizabeth Holmes Guilty Of Fraud And Conspiracy

The verdict comes after "Seven days of deliberations spanning more than 50 hours", according to CNBC. Holmes has been found guilty on 4 charges, including one count of conspiracy and 3 wire fraud charges that can cost Holmes up to 20 years in prison, per count.

Conspiracy to commit wire fraud against Theranos investors: Guilty.

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

Wire fraud against Theranos investors: wire transfer of $38,336,632 from PFM Healthcare Master Fund: Guilty.

Wire fraud against Theranos investors: wire transfer of $99,999,984 from Lakeshore Capital Management LP: Guilty.

Wire fraud against Theranos investors: wire transfer of $5,999,997 from Mosley Family Holdings LLC: Guilty.

Wire fraud against Theranos paying patients: wire transfer of $1,126,661 used to purchase advertisements for Theranos Wellness Centers: Not guilty.
 

https://www.zerohedge.com/markets/jury-elizabeth-holmes-trial-reportedly-deadlocked-3-counts-judge-urges-keep-deliberating 

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