Elizabeth Holmes convicted of fraud

Elizabeth Holmes convicted of fraud

Audrey Miller, Copy Editor

Elizabeth Holmes, the founder of Theranos, was promised a bright future as the world’s youngest self-made millionaire. Her company claimed that with only a few drops of blood it could detect health conditions such as cancer or diabetes. 

Within a year, everything fell apart, and Holmes’ company was exposed as being a fraud. According to BBC News, Holmes was convicted by a jury on four of 11 counts of fraud, with a sentencing of up to 20 years.

Theranos was officially dissolved in 2018 after many lawsuits, and a few months later Holmes was arrested. Holmes was released on bond in 2019. After Holmes was released, she married and gave birth. Her sentencing is set to 2022 to allow for the trial of her longtime partner, Sunny Balwani, who served as a co-president of Theranos for ten years. Holmes has since come out against Balwani claiming he abused her on multiple occasions. 

Prosecutor Jeffrey Schenk has since stated jurors don’t need to determine whether the abuse happened or not to reach a verdict in Holmes’ trial.