Elizabeth Holmes to be sentenced in Theranos fraud trial

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SAN FRANCISCO: Fallen biotech star Elizabeth Holmes faces sentencing on Friday (Nov 18) after being found guilty of defrauding investors and endangering patients in a case that became an indictment of Silicon Valley. Holmes was

SAN FRANCISCO: Fallen biotech star Elizabeth Holmes faces sentencing on Friday after being found guilty of defrauding investors and endangering patients in a case that became an indictment of Silicon Valley.for persuading investors over 15 years that she had developed a revolutionary medical device before the company flamed out after an investigation by The Wall Street Journal.

Holmes became a star of Silicon Valley when she said her now defunct start-up was perfecting an easy-to-use test kit that could carry out a wide range of medical diagnostics with just a few drops of blood. At one point, the Theranos board included former United States defence secretary James Mattis and former US secretaries of state, Henry Kissinger and the late George Shultz.

"I am confident that on the other side of this, Elizabeth will do amazing things for society with her talents and boundless passion for changing the world for the better," said one letter.

 

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