According to the Associated Press and the Wall Street Journal and other US media reported on January 4, a federal jury in California ruled on Monday that Elizabeth Holmes, the founder of Theranos, who had claimed to change blood testing, faced 4 of the 11 charges.
Charged with a years-long fraud scheme while running Theranos, Holmes was convicted of four counts including investor fraud and conspiracy, but was acquitted on 3 counts related to defrauding patients who paid for Theranos' tests and 1 related conspiracy charge. The jury did not rule on 3 allegations related to other individual investors.
Prosecutors said Holmes deceived investors between 2010 and 2015 into believing that with just a few drops of blood on the tip of their fingers, a series of tests could be performed through a small instrument to detect illness.
US media pointed out that the ruling made the former "Silicon Valley darling" discredited. Holmes has appeared on the cover of magazines with headlines such as "This CEO is Out for Blood," and she has imitated the style of Apple co-founder Steve Jobs, wearing a black turtleneck sweater.
According to Interface News, Holmes dropped out of Stanford university to start a business and rose to fame, founding a medical and health company that seemed to be at the cutting edge, which was once valued at more than $9 billion before it collapsed due to technical problems. Theranos claims that hundreds of tests can be done with just a few drops of blood drawn from a finger, and serious diseases such as cancer and diabetes can be diagnosed.
The Wall Street Journal's investigative report, published in October of that year, questioned Theranos' blood testers and methods, arguing that the technology was unreliable and that Theranos often used traditional laboratory equipment from outside companies to complete tests.
The company was subsequently sued by investors for fraud, the blood test license was revoked by the U.S. government, and the company's business was dissolved in September 2018. Her story was written by author John Carreyrou into the nonfiction Bad Blood.
Column Editor-in-Chief: Zhao Hanlu Text Editor: Yang Rong Title Image Source: Figure Worm Image Editor: Su Wei
Source: Author: Interface News
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