Jurors saw 32 witnesses (29 of them for the prosecution) including scientists, former Theranos executives and former defense secretary James Mattis, who had served on the company’s board before becoming disillusioned with its practices.
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Balwani, who has also denied the abuse allegations, faces trial in 2022.ĭelayed by the start of the Covid-19 pandemic and the birth of Holmes’ first child, the trial began in September in the Northern District of California and lasted more than three months. Holmes was indicted alongside her former business partner and ex-boyfriend, Ramesh “Sunny” Balwani, but the court severed their cases once Holmes indicated she would testify that she’d been a victim of abuse and coercive control during their decade-long relationship. The rare federal prosecution of a tech startup began in 2018, when Holmes was indicted for bilking investors out of hundreds of millions of dollars and claims that she deceived hundreds of patients and doctors.
The speed with which the jury has gone mirrors the slow pace of the case against Holmes and her company. Risky Business: Every Tom Cruise Film, Ranked - Updated The Beatles in India: 16 Things You Didn't Know
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They could not, and about an hour later, the jury returned the full verdict. District Court Judge Edward Davila then began questioning the jury, to see if there was any way to get around this impasse. PT, the jury sent the judge an additional note, saying they still could not reach a unanimous decision. The judge asked them to continue deliberation several hours later, just after 3 p.m. The prosecutor may choose to pursue a retrial on those charges in the future.Įarlier today, the seventh day of deliberation, jurors told the judge they were not able to reach a verdict on three of the 11 counts against Theranos founder Elizabeth Holmes, who was on trial for misleading investors about the capabilities of the technology of the blood-testing start-up.
The jury could not come to a consensus on three of the counts of wire fraud, resulting in a mistrial for those charges. The jury at federal court in San Jose, California, returned a not-guilty verdict on three charges of wire fraud, as well as conspiracy to commit wire fraud against Theranos patients. Theranos founder Elizabeth Holmes has been found guilty of three counts of wire fraud, as well as one count of conspiracy to commit wire fraud against Theranos investors.
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