The jury set out to determine whether Holmes deliberately deceived patients and investors about the efficacy of Theranos' Edison and miniLab blood testing machines, or whether she was genuinely uninformed about the lab technology's foibles, as she attested.ĭuring the 15-week trial, jurors heard about 30 witnesses, including Theranos employee and whistleblower Erika Cheung, and from Holmes herself, who testified over seven days. Billy Evans, and her parents before leaving the courtroom. Holmes, then 37, pled not guilty to 11 charges of fraud. Theranos founder Elizabeth Holmes has been convicted of defrauding investors after a months-long landmark trial in California. Billy is the heir to a hospitality company Said company is the Evans Hotel Group, which sounds pretty fancy. After her trial concluded, Holmes was found guilty of fraud in 2022. Elizabeth Holmes family and friends submitted gushing letters and touching photographs. Whistleblowers - including former Theranos employee Tyler Shulz, the grandson of Secretary of State and Theranos board member George Shultz - asserted that the company's Edison machine was far from capable of doing what the world believed it did. CNBC has learned former Theranos CEO Elizabeth Holmes has been staying in one of the homes on the Green Gables estate. Her partner, Billy Evans, was among 137 family members who wrote letters to the judge asking for mercy. Allegations from former Theranos employees and an article published by The Wall Street Journal detailed how Theranos tampered with research and purposefully overlooked failed quality-control checks.
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