Elizabeth Holmes trial: Former Theranos CEO faces possibility of 20-year sentence - NewsBreak

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By Vikash in Business
Updated 3 years ago

The trial begins today of Elizabeth Holmes on multiple charges of conspiracy and fraud for her lead role in the Theranos scandal.As the founder and former chief executive officer of the disgraced blood-testing start-up that wowed the tech investment world before collapsing in a storm over the efficacy of the technology supposedly at its core, Ms Holmes faces up to 20 years in prison if convicted.Theranos was at one point valued at approximately $9bn, but is now a byword for corporate misconduct, with Ms Holmes accused of lying to patients about testing, and investors about projected revenues.The trial will...

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