The charges relate to defrauding investors.
Elizabeth Holmes knowingly deceived investors that she could detect diseases using only a few drops of blood.
She denied the charges, which could have sent her to prison for up to 20 years.
She was able to convince that her company would revolutionize the medical industry.
But its false claims began to show in 2015 when the Wall Street Journal investigated the issue and demonstrated that its machines do not detect hundreds of diseases using just a few drops of blood.
Her former partner, Ramesh Balwani, will also be brought to justice.
The company officially ceased operations in 2018 when the scandal became public.
[Source: http://www.bbc.com]
