Technology
Theranos Founder Elizabeth Holmes Is Ready for Her Day in Court
Prosecutors should have a strong case. But defense lawyers could try some creative strategies to keep her out of prison.
Holmes in 2019.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
At the end of August, Elizabeth Holmes is set to go to trial to defend herself against multiple counts of conspiracy and fraud. If convicted, the founder and former chief executive officer of disgraced blood-testing startup Theranos Inc. faces up to 20 years in prison.
The charges include lying to patients about the efficacy of her blood tests and misleading investors when she told them the company would generate $1 billion in revenue in 2015. In reality the tests had grave problems, and Holmes allegedly knew the company would only generate a few hundred thousand dollars that year.