Elizabeth Holmes found guilty of 4 counts of fraud in landmark ‘tech start up’ case

“Fake it until you make it” may not be a popular slogan anymore for start ups and Silicon Valley’s T-Shirt brigade after the landmark case against Theranos founder, Elizabeth Holmes. Today she was found guilty of 4 counts of fraud – 1 of conspiracy to defraud investors, and 3 counts of wire fraud against investors.

The jury was unable to reach a verdict on another 7 counts though some could be retried in the future. Ms. Holmes pleaded not guilty and is expected to appeal the convictions. The jury found her guilty of charges including conspiracy to defraud investors by making overly-optimistic or clearly fraudulent claims about her blood testing company.

The jury told US district judge Edward Davila that it was unable to reach a unanimous verdict on several charges. As the verdict was read by Judge Davila, the Elizabeth Homes bowed her head and expressed no apparent emotion.…