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Financial Crime, North America

Theranos founder, Elizabeth Holmes, convicted of fraud and conspiracy as Silicon Valley reels from billionaires fall from grace

By Elizabeth Hearst for AMLi

Billionaire and founder of scandal-ridden blood testing company, Theranos, Elizabeth Holmes has been convicted of fraud and conspiracy by a US court, potentially facing decades behind bars. 

Ms. Holmes was found guilty on four counts of fraud and conspiracy, following a seven-day deliberation by a jury. The jury cleared Ms. Holmes on four counts of other felony charges, including conspiracy to defraud patients. 

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