Elizabeth Holmes convicted: jury rules against Theranos founder in fraud trial

Theranos founder Elizabeth Holmes has been convicted of at least one conspiracy charge in the alleged financial fraud trial that led to the downfall of her business, reports The New York Times.

In a verdict on Monday evening, the jury found Holmes guilty on one count of conspiracy to commit wire fraud against investors at Theranos between 2010 and 2015.

Holmes was also convicted of three separate cases of wire fraud involving the transfer of millions of dollars that took place in 2014.

However, the jury found Holmes not guilty of conspiring to commit wire fraud against patients who paid for Theranos’ blood testing services between 2013 and 2016.

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