Jurors found Holmes guilty of four counts of tricking investors into pouring money into what she claimed was a revolutionary testing system, after a complex and lengthy trial. They acquitted her of a number of the charges she had faced, and did not reach a verdict on others.
She was hailed as the next tech visionary on magazine covers and collected mountains of investors' cash, but it all collapsed after Wall Street Journal reporting revealed the machines did not work as promised. That was done without the firms' permissions, and was a key piece of the prosecution's argument that she deliberately tried to inflate Theranos's credibility in order to win backers.
Holmes also sought to shift some of the blame to Ramesh "Sunny" Balwani, her boyfriend and whom she had brought in to help run her company. Beyond the reams of company documents, highly detailed technical questions and Holmes's at-times emotional testimony, there loomed the question of Silicon Valley's very nature.
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Source: IrishTimesSport - 🏆 2. / 99 Read more »