Current:Home > reviewsFastexy:Elizabeth Holmes trial: Jury is deadlocked on 3 of 11 fraud charges -Ascend Finance Compass
Fastexy:Elizabeth Holmes trial: Jury is deadlocked on 3 of 11 fraud charges
Ethermac Exchange View
Date:2025-04-10 23:20:01
Jurors in the criminal fraud trial of Elizabeth Holmes sent a note to the judge on FastexyMonday morning saying they could not reach a unanimous decision on three of 11 fraud charges against the former Silicon Valley executive.
The note, however, seemed to suggest that they all agree on at least eight counts. If that's the case, it puts to rest speculation that they couldn't reach a verdict at all, which would have led to a mistrial.
If convicted, the onetime Silicon Valley superstar and former CEO of the blood-testing company Theranos faces the maximum possible punishment of 20 years in federal prison.
U.S. District Judge Edward Davila responded by reading the jury an Allen charge — instructions that encourage jury members to keep deliberating until they reach a unanimous decision on all charges.
Under federal court rules, juries can come up with verdicts in which some of the charges are undecided, but it is rare. So far, it is unclear which way the jury was leaning: guilty, not guilty or mixed.
The jury has been deliberating for seven days, taking breaks for Christmas and New Year's Eve. The jury has heard testimony from dozens of witnesses over four months in one of the most high-profile trials in Silicon Valley in decades.
At the center of the case is Holmes, a former tech executive who drew comparisons to Steve Jobs. A Stanford University dropout, Holmes dazzled Silicon Valley by founding Theranos at age 19. She promised that its technology could screen patients for hundreds of diseases with just a finger prick of blood. She built Theranos into what became a $9 billion company promising to revolutionize the health care industry.
After scrutiny from the media and government regulators, Theranos, in 2018, collapsed under scandal, unable to recover from reports that its technology could not accomplish what it had promised.
Federal prosecutors say Holmes, now 37, intentionally deceived investors and patients and conspired with her then-boyfriend and Theranos deputy, Ramesh "Sunny" Balwani, in masterminding a large-scale fraud that resulted in the loss of hundreds of millions of dollars and faulty patient tests.
Holmes, who took the stand over seven days, apologized for mistakes made while she was chief executive of Theranos and said others at the company were to blame for the firm's eventual downfall.
Holmes' defense lawyers argued that her exaggerations about the company were always made in good faith, expecting the technology to one day catch up to her grandiose promises.
In some of the most emotional testimony of the trial, Holmes wept from the witness stand in recounting alleged emotional and sexual abuse she said she suffered at the hands of Balwani, who was also charged but is set to have a separate trial in February.
veryGood! (28)
Related
- Current, future North Carolina governor’s challenge of power
- UN team says 32 babies are among scores of critically ill patients stranded in Gaza’s main hospital
- Australia wins toss and will bowl against India in the Cricket World Cup final
- NCAA president says he feels bad for James Madison football players, but rules are rules
- Trump wants to turn the clock on daylight saving time
- Suspect and victim dead after shooting at New Hampshire State Hospital in Concord
- Texas pushes some textbook publishers to remove material on fossil fuels
- Author A.S. Byatt, who wrote the best-seller 'Possession,' dies at 87
- Questlove charts 50 years of SNL musical hits (and misses)
- Pumped Storage Hydro Could be Key to the Clean Energy Transition. But Where Will the Water Come From?
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- 'There's people that need water.' Taylor Swift pauses Eras show in Rio to help fans
- Maine and Massachusetts are the last states to keep bans on Sunday hunting. That might soon change
- Taylor Swift Postpones Second Brazil Concert Due to Extreme Temperatures and After Fan's Death
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Amazon Has Thousands of Black Friday 2023 Deals, These Are the 50 You Can’t Miss
- French Holocaust survivors are recoiling at new antisemitism, and activists are pleading for peace
- You'll L.O.V.E. What Ashlee Simpson Says Is the Key to Her and Evan Ross' Marriage
Recommendation
North Carolina justices rule for restaurants in COVID
'An absolute farce': F1 fans, teams react to chaotic Las Vegas Grand Prix
When do babies start teething? Pediatricians weigh in on the signs to look out for
Gaza communications blackout ends, giving rise to hope for the resumption of critical aid deliveries
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Arkansas man used losing $20 scratch-off ticket to win $500,000 in play-it-again game
Adam Johnson’s UK team retires his jersey number after the American player’s skate-cut death
Bangladesh’s top court upholds decision barring largest Islamist party from elections