US Politics | What is Elizabeth Holmes’ final verdict?
A JURY reached a verdict in the trial of Elizabeth Holmes on Monday, January 3. Holmes was the CEO of Theranos, a blood-testing startup that was accused of scamming patients by taking a vial of blood to test for diseases \- but the tests didn't work. 
AFP via Getty ImagesCEO of Theranos, Elizabeth Holmes was convicted of fraud on Monday, January 3 '/ ' What was the Elizabeth Holmes trial verdict? Holmes was found guilty on four charges, three counts of wire fraud, and one count of conspiracy to commit wire fraud. However, the jury could not reach a verdict on three counts of wire fraud and she was found not guilty of four other felony charges. The verdict was read by the court on January 3, 2022. The New York Times reported Holmes will most likely appeal. Each count ...carried a maximum sentence of 20 years in prison,... the outlet reported. Read More on Elizabeth Holmes 
ELIZABETH'S HOLMIES Inside Elizabeth Holmes 'cult' where fans fawn over Theranos founder 
A MIGHTY TUMBLE What know about Elizabeth Holmes' net worth CNN reported she faces up to 20 years in prison and a fine of $250,000 plus restitution. On Friday, May 27, Holmes made an appeal to the judge to throw out the verdict. The basis for her appeal claimed that the jury acted irrationally during their deliberation. Months later on Thursday, September 1, the judge denied her appeal and did not overturn the verdict or change the sentencing date. most read on elizabeth holmes PITCH, PLEASE Hear how Kim, Khloe and Kourtney Kardashian changed their VOICES after fame THERANOS REBELS The fate of Theranos whistleblowers Erika Cheung and Tyler Shultz revealed HOLMES HIERARCHY Who are Elizabeth Holmes' parents and where are they now? STAR-STUDDED LINEUP Hulu's The Dropout cast - including Amanda Seyfried as Elizabeth Holmes BAD BLOOD What next for ex-Theranos CEO found GUILTY of duping investors in fraud case ELIZABETH'S HOLMIES Inside Elizabeth Holmes 'cult' where fans fawn over Theranos founder What did prosecutors say in their closing remarks? Elizabeth Holmes and her former partner, Ramesh Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in the case against Theranos. The jury's verdict comes after Elizabeth Holmes took the witness stand for seven days in what some called a bold decision. Holmes told the jury she was innocent in the allegations of conspiracy and fraud, saying her partner, Ramesh Balwani, abused and manipulated her. During her seven-day cross-examination, Holmes delivered conflicting statements by shifting the blame to Balwani who claims he is not guilty and faces his own trial. 
ReutersTheranos CEO Elizabeth Holmes could face up to 20 years in prison for her fraud and conspiracy convictions '/ ' Holmes additionally admitted to affixing the Pfizer and Schering-Plough logos, without the company's permission, when sending documents to Walgreens to boost Theranos' credibility. However, on Tuesday she said she didn't remember the process for filling out and submitting the documents. Holmes' testimony came months after she gave birth to her first child in July. Holmes and Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in the case against Theranos. When will Elizabeth Holmes receive her sentencing? The former Theranos CEO will be sentenced on October 17, 2022, following her conviction on Monday, January 3. The maximum penalty Holmes will receive is 20 years in federal prison but NPR reported that legal experts say she will most likely receive a reduced sentence. A former federal prosecutor, Amanda Kramer, said she would be surprised if Holmes didn't receive ...some term of imprisonment.... Kramer told NPR the severity of Holmes' sentencing may deter other businesses from committing similar crimes of fraud, She added that the lengthy timeframe for Holmes to be sentenced is not typical but there may be a reason for the delay. ...Some facts established in Balwani's trial might prove to be relevant in Holmes' sentencing.... Holmes' partner, Ramesh Balwani's trial was set to begin on February 15, 2022, but has been delayed due to Covid-19 concerns. There is not a set date for his trial to take place but U.S. District Judge Edward Davila says it is likely to begin in mid-March. Why was Elizabeth Holmes on trial? Holmes founded Theranos in 2014 after spending two years developing a supposed technology that would be able to diagnose disease with a single vial of blood. The then-30-year-old built the testing technology from only two semesters of studying biochemical engineering at Stanford University. In 2015, one year after Holmes founded the company, John Carreyrou, a reporter for The Wall Street Journal received a tip alleging the technology didn't work and was churning out false results prompting medical issues for patients. When the report was published, Holmes vehemently denied the allegations and threatened to sue Carreyrou for his article. During her trial, Holmes testified that she and Balwani ...were very worried about Mr. Carreyrou's story.... In a text message shown to the jury, Holmes said to Balwani they would ...need to get ahead of all of it.... The FDA investigated the reports and found the tests did not work and patients were misdiagnosed resulting in improper care. A document issued by the United States Department of Justice said Holmes and Balwani ...claimed that Theranos developed a revolutionary and proprietary analyzer ...... and ...claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick.... The document claimed both Holmes and Balwani knew the Theranos analyzer was producing false results, adding, ...The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methods – all at a faster speed than previously possible.... Holmes stepped down as CEO in 2018 and Theranos officially closed its doors three months later. What was Theranos? In 2018, nine people came forward to testify in a lawsuit against Theranos that their test results significantly impacted their lives, resulting in taking medication they did not need and changing their lifestyle. At the peak of the Theranos organization, it was reported the company sold more than 1.5 million blood tests, for nearly 176,000 patients. The patients collectively received 7.8million test results, most of which were proven to be inaccurate. An archived file of the 240 diseases Theranos allegedly tested for shows prices starting as low as $3.13 for potassium levels and ranging upward to $108.98 for a test for Lymphocyte Enumeration. In 2015, Theranos operated more than 40 locations in Arizona where a bill was passed to allow independent facilities to administer tests for diseases. Read More on The US Sun 
NO KIDDING I was widowed & re-married 2 years later - we have 11 kids, people judge us 
MAGIC MONEY I make $5,000 a year from collecting side hustle - it takes a few hours a month When the patients started speaking out in 2018, Heather Carter who was an Arizona House Representative and sponsored the direct-access bill told USA Today she was concerned about ...patient safety.... ...Hopefully justice will be served and people will have their day in court on this....
AFP via Getty ImagesCEO of Theranos, Elizabeth Holmes was convicted of fraud on Monday, January 3 '/ ' What was the Elizabeth Holmes trial verdict? Holmes was found guilty on four charges, three counts of wire fraud, and one count of conspiracy to commit wire fraud. However, the jury could not reach a verdict on three counts of wire fraud and she was found not guilty of four other felony charges. The verdict was read by the court on January 3, 2022. The New York Times reported Holmes will most likely appeal. Each count ...carried a maximum sentence of 20 years in prison,... the outlet reported. Read More on Elizabeth Holmes ELIZABETH'S HOLMIES Inside Elizabeth Holmes 'cult' where fans fawn over Theranos founder A MIGHTY TUMBLE What know about Elizabeth Holmes' net worth CNN reported she faces up to 20 years in prison and a fine of $250,000 plus restitution. On Friday, May 27, Holmes made an appeal to the judge to throw out the verdict. The basis for her appeal claimed that the jury acted irrationally during their deliberation. Months later on Thursday, September 1, the judge denied her appeal and did not overturn the verdict or change the sentencing date. most read on elizabeth holmes PITCH, PLEASE Hear how Kim, Khloe and Kourtney Kardashian changed their VOICES after fame THERANOS REBELS The fate of Theranos whistleblowers Erika Cheung and Tyler Shultz revealed HOLMES HIERARCHY Who are Elizabeth Holmes' parents and where are they now? STAR-STUDDED LINEUP Hulu's The Dropout cast - including Amanda Seyfried as Elizabeth Holmes BAD BLOOD What next for ex-Theranos CEO found GUILTY of duping investors in fraud case ELIZABETH'S HOLMIES Inside Elizabeth Holmes 'cult' where fans fawn over Theranos founder What did prosecutors say in their closing remarks? Elizabeth Holmes and her former partner, Ramesh Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in the case against Theranos. The jury's verdict comes after Elizabeth Holmes took the witness stand for seven days in what some called a bold decision. Holmes told the jury she was innocent in the allegations of conspiracy and fraud, saying her partner, Ramesh Balwani, abused and manipulated her. During her seven-day cross-examination, Holmes delivered conflicting statements by shifting the blame to Balwani who claims he is not guilty and faces his own trial. ReutersTheranos CEO Elizabeth Holmes could face up to 20 years in prison for her fraud and conspiracy convictions '/ ' Holmes additionally admitted to affixing the Pfizer and Schering-Plough logos, without the company's permission, when sending documents to Walgreens to boost Theranos' credibility. However, on Tuesday she said she didn't remember the process for filling out and submitting the documents. Holmes' testimony came months after she gave birth to her first child in July. Holmes and Balwani were charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud in the case against Theranos. When will Elizabeth Holmes receive her sentencing? The former Theranos CEO will be sentenced on October 17, 2022, following her conviction on Monday, January 3. The maximum penalty Holmes will receive is 20 years in federal prison but NPR reported that legal experts say she will most likely receive a reduced sentence. A former federal prosecutor, Amanda Kramer, said she would be surprised if Holmes didn't receive ...some term of imprisonment.... Kramer told NPR the severity of Holmes' sentencing may deter other businesses from committing similar crimes of fraud, She added that the lengthy timeframe for Holmes to be sentenced is not typical but there may be a reason for the delay. ...Some facts established in Balwani's trial might prove to be relevant in Holmes' sentencing.... Holmes' partner, Ramesh Balwani's trial was set to begin on February 15, 2022, but has been delayed due to Covid-19 concerns. There is not a set date for his trial to take place but U.S. District Judge Edward Davila says it is likely to begin in mid-March. Why was Elizabeth Holmes on trial? Holmes founded Theranos in 2014 after spending two years developing a supposed technology that would be able to diagnose disease with a single vial of blood. The then-30-year-old built the testing technology from only two semesters of studying biochemical engineering at Stanford University. In 2015, one year after Holmes founded the company, John Carreyrou, a reporter for The Wall Street Journal received a tip alleging the technology didn't work and was churning out false results prompting medical issues for patients. When the report was published, Holmes vehemently denied the allegations and threatened to sue Carreyrou for his article. During her trial, Holmes testified that she and Balwani ...were very worried about Mr. Carreyrou's story.... In a text message shown to the jury, Holmes said to Balwani they would ...need to get ahead of all of it.... The FDA investigated the reports and found the tests did not work and patients were misdiagnosed resulting in improper care. A document issued by the United States Department of Justice said Holmes and Balwani ...claimed that Theranos developed a revolutionary and proprietary analyzer ...... and ...claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick.... The document claimed both Holmes and Balwani knew the Theranos analyzer was producing false results, adding, ...The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methods – all at a faster speed than previously possible.... Holmes stepped down as CEO in 2018 and Theranos officially closed its doors three months later. What was Theranos? In 2018, nine people came forward to testify in a lawsuit against Theranos that their test results significantly impacted their lives, resulting in taking medication they did not need and changing their lifestyle. At the peak of the Theranos organization, it was reported the company sold more than 1.5 million blood tests, for nearly 176,000 patients. The patients collectively received 7.8million test results, most of which were proven to be inaccurate. An archived file of the 240 diseases Theranos allegedly tested for shows prices starting as low as $3.13 for potassium levels and ranging upward to $108.98 for a test for Lymphocyte Enumeration. In 2015, Theranos operated more than 40 locations in Arizona where a bill was passed to allow independent facilities to administer tests for diseases. Read More on The US Sun NO KIDDING I was widowed & re-married 2 years later - we have 11 kids, people judge us MAGIC MONEY I make $5,000 a year from collecting side hustle - it takes a few hours a month When the patients started speaking out in 2018, Heather Carter who was an Arizona House Representative and sponsored the direct-access bill told USA Today she was concerned about ...patient safety.... ...Hopefully justice will be served and people will have their day in court on this....
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