Theranos founder once hailed as ‘the new Steve Jobs’ guilty of fraud over sham firm

Theranos founder once hailed as ‘the new Steve Jobs’ guilty of fraud over sham firm

Holmes’ story has become a cautionary tale about the ‘fake it ’til you make it’ culture in Silicon Valley (Picture: Reuters)
An entrepreneur who managed to trick Silicon Valley into believing she had invented a world-changing technology has been convicted of fraud.
Elizabeth Holmes was hailed as the new Steve Jobs when she founded the health company Theranos.
She received backing from some of the…

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