The judge urged them to re-examine their positions while adhering to their instructions to only return a guilty verdict if convinced beyond a reasonable doubt.
Elizabeth Holmes, second from left, walks out of federal court in San Jose, Calif., Friday, Dec. 17, 2021. SAN JOSE, Calif. — The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes on Monday said it is deadlocked on three of the 11 felony counts against her. Holmes is accused of duping investors and patients about a blood-testing technology that she hailed as a medical breakthrough.
Monday’s note also means that jurors have agreed on verdicts on eight of the charges facing Holmes. Nine of the 11 counts are fraud charges and two revolve around a conspiracy to commit fraud from 2010 to 2015. During that time, Holmes became a Silicon Valley sensation, one worth $4.5 billion fortune on paper based on her promise that Theranos’ technology would revolutionize health care.Holmes was present at Monday’s hearing to review the jury’s note.
Holmes believed she could provide more humane, convenient and cheaper blood tests by “mini-labs” in Walgreens and Safeway stores across the U.S., using a small testing device dubbed “Edison” in homage to the famous inventor. But most people didn’t know Holmes’ dirty secret back then: Theranos’ blood-testing technology kept producing misleading results, forcing the company to secretly rely on conventional machines made by Siemens in a traditional laboratory setting. Evidence presented at the trial also showed Holmes lied about purported deals that Theranos had reached with big drug companies such as Pfizer and the U.S. military.
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