Former CEO Elizabeth Holmes Found Guilty On 4 Of 11 Fraud Charges

Elizabeth Holmes was found guilty of 4 out of 11 fraud charges.

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Holmes was the former CEO and founder of the failed blood-testing startup Theranos.

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Holmes founded Theranos in 2003 when she was only 19 years old.

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Its goal was to discover diseases through quick finger pricks instead of inconvenient blood draws.

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Holmes was found guilty of two counts of wire fraud.

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She was also found guilty of two counts to commit wire fraud.

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She was found not guilty in four charges related to patients and lying in paid advertisements.

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The jury was unable to reach a verdict on three counts related to defrauding individual investors.

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Holmes can face a maximum of 20 years for each count, as well as restitution for each charge.

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