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The company was once valued at more than $9 billion.

Elizabeth Holmes, the youngest and wealthiest female self-made billionaire, has been found guilty of defrauding investors as founder and CEO of healthcare company Theranos in the US, which promised to revolutionize blood testing. She is also guilty of conspiracy to defraud investors with her co-defendant and Indian-origin Theranos COO, Sunny Balwani. Holmes faces up to 20 years in prison for each of the counts.

Also Read : Study : The wealth of Indian billionaires increased by 35% during the Lockdown


After four months of court proceedings and seven days of deliberations, the jury reached a verdict and Holmes was found guilty of conspiring to defraud investors, as well as defrauding investors from the DeVos family, hedge fund manager Brian Grossman and former estate and trust attorney Dan Mosely, The Verge reported late on Monday. The jury, however, found her not guilty of two counts of defrauding patients and not guilty of conspiracy to defraud patients. The jury also did not return a verdict on three more counts of defrauding investors.


Image of a researcher using microscope The technology eventually didn't work and Theranos went defunct in 2018. National Cancer Institute Unsplash


Holmes had founded Theranos in 2003, a company that promised to revolutionize blood testing by developing a device that could run hundreds of medical tests on just a few drops of blood. The company was once valued at more than $9 billion. In 2015, an expose in The Wall Street Journal revealed major problems with Theranos' technology. The technology eventually didn't work and Theranos went defunct in 2018. Holmes and her former partner Balwani were charged with wire fraud and conspiracy in the federal court.

During the high-profile trial, Holmes alleged that Theranos COO Ramesh ‘Sunny' Balwani abused her. Balwani faces a separate trial next year. "The US government is alleging that Holmes and Balwani deliberately misled investors and the public about the reliability of Theranosa blood testing technology," the report noted. (IANS/SP)


(Keywords : Elizabeth Holmes, youngest, wealthiest, billionaire, guilty, conspiracy, investors, court, verdict, jury, defraud, revolutionize, blood testing, company, technology, fraud, alleged, Unites States of America.)


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'E-Attorney' to help lawyers handle client information and case details easily.

By Ganesh Bhatt
A 10-year-old prodigy from Tamil Nadu's Vellore has created an app called 'E-Attorney' to help lawyers handle client information and case details easily. Through this app, users can sign in and add client documents and store other case related information quickly.
Kanishkar's father, who is also a lawyer, was facing great difficulty in keeping client details organised during the pandemic. Therefore, when the young boy had to choose a course subject for his coding project, he decided to create something that would help his father. Through 'E-Attorney', users can also contact their clients directly and the clients, who are given access to the app by their lawyer, can also easily view their case documents stored in the app.

brown wooden tool on white surface Lawyers are facing great difficulty in keeping client details organised during the pandemic. | Unsplash


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Not only has the Queen of England long been a visitor to the racing at Ascot but she's also had the honour of having a winner of her own at the meeting.

By- Nanci SEO

Now we're into 2022, the anticipation for a new racing season is hotting up even more.

By the time the world focuses its gaze on Ascot in mid-June, records will have been broken, and new winners will have been celebrated in the other meetings such as the Grand National. However, there's nothing quite like the Royal Ascot meeting and the historic Ascot Gold Cup race, which has been running since 1807. The race is the first leg of the triple crown of thoroughbred racing in the UK, making it one of the most important on the racing calendar.

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Good Earth, released its first-ever limited-edition art prints in 2020.

Good Earth, released its first-ever limited-edition art prints in 2020, depicting flora and wildlife recovering their due place in nature.

Van Vaibhav is Good Earth's guiding concept. The brand has a profound passion for nature in all of its forms, and preserving the beauty of the forest is at the centre of everything. In keeping with this ethos, there is no better way to commemorate our 26th anniversary than by giving back to the environment.

The Dreamscape art print series celebrates the brand's birthday. Endangered and fragile creatures of wild paradise come alive with attention to their condition in India.

The artwork, titled 'Living on the Edge,' underlines the importance of getting a closer look at these wonderful creatures. While everything appears to be lovely and unconstrained, these endangered species are truly living on the verge of extinction.

The Dreamscape will be printed in 500 limited edition Poster prints, which will be available for purchase the brand's web store. All sales revenues - matched with an equal amount by Good Earth - will go towards the Wildlife Trust of India's aim to conserve and protect vulnerable and endangered species, as part of our ongoing relationship.

Good Earth's Founder and Creative Director, Anita Lal Google Earth's Founder Anita Lal spoke about the initiative, "Animals are so vulnerable, and their habitats are ever receding due to the pressure on land." |WikipediaWikipedia

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