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Elizabeth Holmes Convicted of Defrauding Theranos Investors

  • Federal jury returns verdict after seven days of deliberations
  • Startup entrepreneur, 37, faces as long as 20 years in prison
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Elizabeth Holmes Found Guilty in Theranos Fraud Trial
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Elizabeth Holmes was found guilty of criminal fraud for her role building the blood-testing startup Theranos Inc. into a $9 billion company that collapsed in scandal.

A jury in San Jose, California, returned the verdict after hearing three months of testimony that was often technical, heavily contested and, from Holmes herself, shocking. The 37-year-old faces a maximum sentence of 20 years in prison, although she’ll probably get far less than that. Holmes will also likely appeal her conviction and any sentence she gets.