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Jury in Theranos fraud trial finds Elizabeth Holmes guilty on 4 of 11 charges

Holmes Trial
Posted at 12:14 PM, Jan 03, 2022
and last updated 2022-01-03 22:15:29-05

SAN JOSE, Calif. (AP) — The jury found former Theranos CEO Elizabeth Holmes guilty of four of the 11 criminal counts she faced. She was found not guilty on four other counts. The jury deadlocked on the three other charges.

Earlier in the day, Judge Edward Davila instructed jurors to try and come to a unanimous consensus on the three charges they deadlocked on. However, they were unable to reach an agreement.

The Jurors had spent roughly 40 hours spread across seven days in deliberation.

Holmes, 37, faced 11 criminal charges alleging that she duped investors and patients by hailing her company's blood-testing technology as a medical breakthrough.

Holmes claimed to have invented a medical revolution with Edison, a machine that could run several blood tests on a single sample. She said the invention would save time, resources and patients from needless needle pricks.

Theranos' value soared, and Holmes was dubbed a rising star in the tech sector. But things began to unravel for Holmes after the machine produced inaccurate test results and didn't work the way she described it would.

Holmes now faces up to 20 years in prison for each count, although legal experts say she is unlikely to receive the maximum sentence.