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Jurors are set to enter a third day of deliberation on Thursday in the fraud case. Elizabeth Holmes, founder of the failed blood test startup Theranos.
Miss Holmes, 37, faces conspiracy to commit electronic fraud twice and electronic fraud nine times Allegedly for lying about Theranos’ technology to get money and fame. If found guilty, he could face up to 20 years in prison.
The jury of eight men and four women began negotiations He continued his discussions on Monday and Tuesday. The only question they would ask the court Tuesday afternoon was whether they could take the jury’s instructions home. (The answer was no.) They had a Wednesday off.
If the negotiations do not end on Thursday, they will resume on a date to be determined by the judge.
Start-up founders in Silicon Valley rarely prosecuted for truth-expanding claims. Standing out as a female founder in the male-dominated industry, Ms. Holmes It deliberately shaped itself after Apple’s Steve Jobs. HE He started Theranos in 2003, dropped out of Stanford University in 2004, and spent the next decade raising nearly $1 billion from venture capitalists and wealthy family offices.
In 2015, a Wall Street Journal investigation revealed that Ms. Holmes had overestimated the capabilities of Theranos’ blood-testing technology and its ties to pharmaceutical companies and the military. The company closed in 2018.
The case concerned whether Ms Holmes had intended or acted in good faith to deceive investors, patients and others.
prosecutors wanted 29 witnesses, Mrs. Holmes’chose fraud over business failurethrough ” misleading verification reports, fake demonstrations, false marketing materials and other false claims.
Miss Holmes took the podium seven daysanchors his defence. HE reshape yourself As a naive entrepreneur who was led astray by those around him. In emotional testimony, he accused Ramesh Balwani, Theranos’ former chief of operations, for abusing her emotionally and physically during their ten-year secret relationship. Mr. Balwani, known as Sunny, denied his allegations.
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