BREAKING: Theranos founder Elizabeth Holmes convicted on four counts of fraud.
ABC News’ Rebecca Jarvis reports on the trial of Theranos founder Elizabeth Holmes as the jury hears closing arguments in the case.A jury has convicted Theranos founder Elizabeth Holmes on four counts of fraud on their seventh day of deliberations. She was acquitted on another four, and there is no verdict on the remaining three counts.
Judge Edward J. Davila, who presided over the trial, is expected to sentence the fallen entrepreneur at a later date. The former multi-billion dollar entrepreneur could face decades behind bars. Holmes, who had vowed to revolutionize the health care industry with technology that could run any test from a just a few drops of blood, was convicted of defrauding investors, in the rare criminal takedown of a Silicon Valley CEO.
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