FILE – In this Nov. 2, 2015, file photo, Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum in San Francisco. Former U.S. Secretary of Defense James Mattis testified Wednesday, Sept. 22, 2021, in the trial of fallen tech star Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle. (AP Photo/Jeff Chiu, File)
Theranos founder and former CEO Elizabeth Holmes has been found guilty of criminal fraud and conspiracy by a jury on Monday.
“Holmes faces as long as 20 years in prison after being found guilty in four counts as the jury offers a split verdict, Bloomberg reports. The verdict comes as the jury said in a note on Monday they “are unable to come to a unanimous verdict on three of the counts,” after over 45 hours of deliberation. Judge Edward J. Davila, who is presiding over the case, sent the 12 jurors back to deliberate after reading the deadlock instruction. The jurors began deliberating on December 20, weighing 11 fraud charges including nine counts of wire fraud and two counts of conspiracy to commit wire fraud against the blood-testing startup founder.”
Elizabeth Holmes, the founder of Theranos, now awaits sentencing after being found guilty of four of 11 charges of fraud on Monday. Each count of wire fraud carries up to 20 years in prison, and Holmes can appeal the conviction, her sentence or both. https://t.co/fudU5LExaW