What is the name of the Theranos founder convicted of fraud?

What is the name of the Theranos founder convicted of fraud? The Theranos founder convicted of fraud is Elizabeth Holmes.

Holmes founded Theranos in 2003 and promoted it as a revolutionary healthcare company whose technology could perform many blood tests from a very small sample. The company attracted prominent investors and partnerships, including a major retail relationship with Walgreens. Later investigations found that Theranos’s proprietary testing claims were substantially misleading and that conventional laboratory equipment was often used instead.

A federal jury convicted Holmes in January 2022 of one count of conspiracy to defraud investors and three counts of wire fraud against investors. She was acquitted on several patient-related fraud counts, so the case was not a conviction on every allegation brought at trial.

Holmes is often confused with Ramesh “Sunny” Balwani, Theranos’s former president and chief operating officer. Balwani was tried separately and also convicted. Holmes was sentenced to more than 11 years in federal prison, while the scandal became a major example of how hype, secrecy, and weak scrutiny can distort health-technology investing.