Theranos whistleblower says he is ‘happy’ Elizabeth Holmes was convicted

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  • Theranos Alert launcher Tyler Shultz praised the guilty verdicts in the trial of Elizabeth holmes.
  • On Monday, Holmes, the founder and former CEO of Theranos, was found guilty of four counts related to fraud.

Theranos Alert launcher Tyler shultz hailed the jury’s verdicts in the trial of former CEO Elizabeth Holmes, saying he was “happy” that she was found guilty and feels justified.

In an interview with CBS Mornings on Tuesday, Shultz said: “I’m glad she was convicted of these crimes and feel like I got my vindication for it, and I feel good about it. “

Holmes was found guilty on four of eleven counts of fraud on Monday after a trial lasting several months. Each of those four counts carries a maximum jail term of 20 years, a fine of $ 250,000 and an obligation of restitution, according to Sarah Jackson of Insider.

Holmes was acquitted of four more counts involving patients who used Theranos’ blood tests, and the jury was deadlocked on three counts of wire fraud involving investors.

Shultz told CBS that exposing Theranos had taken a toll on his relationship with his grandfather, former Secretary of State George Shultz, who served on Theranos’ board of directors.

“This whole saga had a financial, emotional and social impact on my relationships. The toll it took on my grandfather’s relationship was probably the worst,” Shultz said.

Shultz said his grandfather didn’t apologize for his role with Theranos, but the two reconciled before George Shultz died in February 2021. “He at least admitted that I was right about that. that I had seen, and he congratulated me for doing the right thing, “Shultz told CBS.

Shultz spoke to the Wall Street Journal in 2015 about his experiences at the company and reported Theranos to the New York State Public Health Agency.

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