- August 31, 2021
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The trial begins today of Elizabeth Holmes on multiple charges of conspiracy and fraud for her lead role in the Theranos scandal.
As the founder and former chief executive officer of the disgraced blood-testing start-up that wowed the tech investment world before collapsing in a storm over the efficacy of the technology supposedly at its core, Ms Holmes faces up to 20 years in prison if convicted.
Theranos was at one point valued at approximately $9bn, but is now a byword for corporate misconduct, with Ms Holmes accused of lying to patients about testing, and investors about projected revenues.
The trial will get underway in federal court in San Jose, California, after a string of delays due to the coronavirus pandemic, and the defendant’s surprise pregnancy.
Anticipated to last approximately three months, the final chapter in the spectacular rise and fall of Ms Holmes is expected to see defence lawyers get creative when faced with a strong case from the prosecution. It is the most-anticipated trial of the year.
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Holmes is facing fraud charges that could result in up to 20 years in prison and a $3 million fine.
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The medical startup CEO is charged with six counts of fraud and faces up to 20 years in prison Elizabeth Holmes leaves a federal court in San Jose, California, in 2019. Photograph: Justin Sullivan/Getty Images The first phase of the trial of Theranos founder Elizabeth Holmes started on Tuesday, with jury selection taking place in a San Jose, California, courthouse. Holmes is charged with six counts of fraud relating to her now-defunct medical startup. The company, founded in 2003, claimed it wou
Theranos' Elizabeth Holmes is accused of making false claims to defraud investors, doctors, and patients. She faces 20 years in prison if convicted.
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