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SAN JOSE, California — After a long holiday break, a jury considers fraud charges against former Theranos CEO Elizabeth Holmes will be back to work on monday
The eight men and four women who will decide Holmes’ fate have spent most of the holiday season behind closed doors at a courthouse in San Jose, California, weighing the evidence presented during a three-month trial that captivated Silicon Valley.
By the middle of last week, when they still hadn’t reached a verdict, jurors were given a break Thursday before a pre-scheduled court break Friday. After sending two memos to the federal judge handling the case last week, they gave no clue as to where they stood in their deliberations last week.
No reason was given for the talks to be halted earlier than expected last week. The jury has spent nearly 40 hours in total over six days so far, with up to 20 years in prison for debating charges against Holmes, an undecided tech star. he is found guilty.
Holmes, 37, faces 11 charges. he fooled investors and patients by greeting him The company’s blood-testing technology was originally considered a medical breakthrough when it was prone to wild mistakes.
Before these issues surfaced in 2015 and 2016 news in The Wall Street Journal and a regulatory audit, Holmes briefly realized: him Aspirations for fame and fortune while raising more than $900 million from a roster of famous investors that includes media magnate Rupert Murdoch, software magnate Larry Ellison, and the Walton family behind Walmart.
At the height of Theranos, Holmes had amassed a paper fortune of $4.5 billion and was lionized as a visionary on the cover stories of business magazines.
The jury will now spend its seventh day trying to decide. he he was a swindler.
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