She wooed wealthy investors to pour millions of dollars into Theranos by lying about the capabilities of her company’s blood testing technology. Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos, was found guilty on four charges of defrauding investors, capping off the stunning downfall of a former tech. Holmes founded her biotech startup company at age 19 and was once America’s youngest self-made billionaire. One glaring difference between the two Theranos trials was that Holmes testified for six days on the witness stand in her own defense, while Balwani chose to remain silent.
Elizabeth Holmes and Sunny Balwani (Getty Images) The 57-year-old business man’s defense team rested its case earlier this week, and closing arguments are set to begin Tuesday. Elizabeth Holmes was born in Washington D.C, United States on Friday, Febru(Millennials Generation). District Judge Edward Davila and faces up to 20 years in prison.Ī second jury now must decide Balwani’s guilt or innocence. Elizabeth Holmes is a Aquarius and was born in The Year of the Rat Life. She will be sentenced in September by U.S. One jury found Holmes guilty in January of defrauding Theranos investors. She faces up to 20 years in prison and fines of up to 250,000. She was found guilty of defrauding investors and conspiracy to commit wire fraud.
Two Months and 20 Years Holmes’ trial has taken over two months but has finally come to a close.
At the time, she held the title of the youngest self-made billionaire in the world. After many long years, Elizabeth Holmes’ trial has come to an end, and she’s been sentenced.
When the company reached its peak valuation of 9 billion, Elizabeth had a net worth of 4.5 billion on paper, thanks to her stock in the company. Holmes and her ex-boyfriend were charged with the same 12 counts of fraud and conspiracy, but their trials were separated. Elizabeth Holmes built her net worth as the founder and CEO of Theranos, a biotech company. Federal prosecutors hauled in many of the same witnesses, including ex-Theranos employees, wealthy investors, journalists, and whistle-blowers, to illuminate a co-conspiracy between the two Silicon Valley executives. (KRON) - The criminal fraud trials for Elizabeth Holmes and Ramesh “Sunny” Balwani were strikingly similar.