Theranos—Elizabeth Holmes convicted of four counts of wire fraud for systematically misrepresenting Theranos blood testing technology
On January 3, 2022, Elizabeth Holmes was found guilty of four counts of wire fraud and one count of conspiracy to commit wire fraud, sentenced to 11 years and 3 months in prison. Co-defendant Ramesh Balwani was convicted of 12 counts of fraud and sentenced to nearly 13 years. Evidence showed Theranos systematically concealed that its Edison devices produced inaccurate results, used traditional blood testing machines while claiming proprietary technology, and ignored internal warnings about test reliability.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Consumer Protection | -against | secondary | -0.50 |
| Research Integrity | -against | primary | -1.00 |
| Overall incident score = | -0.885 | ||
Score = avg(topic contributions) × significance (critical ×2) × confidence (0.59)
Evidence (1 signal)
Elizabeth Holmes convicted of four counts of wire fraud by federal jury
On January 3, 2022, a federal jury found Elizabeth Holmes guilty of four counts of wire fraud and one count of conspiracy. She was sentenced to 11 years and 3 months in prison. Co-defendant Ramesh Balwani was convicted of 12 counts of fraud in July 2022 and sentenced to nearly 13 years.