Theranos founder Elizabeth Holmes was found guilty Monday by a California jury on four of 11 charges of defrauding investors after the former Silicon Valley executive, who was inspired by the success of Steve Jobs, made unfulfilled promises of revolutionizing the blood-testing industry utilizing innovative technology.
A sentencing hearing is expected to be scheduled next week, and Holmes faces a maximum of 20 years in prison per count.
Founder & CEO of Theranos Elizabeth Holmes attends the Forbes Under 30 Summit at Pennsylvania Convention Center Oct. 5, 2015, in Philadelphia. On Monday, she was found guilty by a California jury on four of 11 charges of defrauding investors.
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