According to the San Francisco Chronicle, the jury on Monday convicted Elizabeth Holmes, the founder and CEO of Theranos, on four fraud charges against investors.
The ambitious Silicon Valley wizard, once known as the "female version of Jobs," has gone from being the founder of a $9 billion blood testing company to a defendant in a San Jose court.
On Monday, a jury of 12 members ruled that Holmes had defrauded millions of dollars from investors but had not misled patients and doctors.
They convicted Holmes of four counts, three of which were telecommunications fraud, four of which were not established and three of which remain pending. As the court read out the verdict, Holmes sat next to her defense team without any reaction.
She was during her tenure as Founder and CEO of Theranos Corporation. Faced 11 allegations of telecommunications fraud and conspiracy to commit telecommunications fraud. The decision was one of the harshest rebukes ever made against a Silicon Valley startup, though the ruling has freed Holmes from some of the administration's allegations.
The nearly four-month-long trial attracted the attention of the international community and also attracted a large audience. They were attracted by Holmes' rapid rise and rapid fall.
Fox News host Howard Kurtz tweeted that the tech media hyped up her utter failure, with the mainstream media treating her as a female version of Jobs, with only The Wall Street Journal's John Carrero digging in to reveal what the jury now calls guilt.