SAN JOSE, Calif. — Jurors started a sixth day of deliberations on Wednesday within the trial of Elizabeth Holmes, the founding father of the blood testing start-up Theranos.
Ms. Holmes, 37, faces two counts of conspiracy to commit wire fraud and 9 counts of wire fraud for deceiving buyers, sufferers and advertisers seeking cash and fame. If convicted, she faces 20 years in jail for every depend of wire fraud.
The jury of eight males and 4 girls has deliberated for 5 full days in federal courtroom in San Jose, Calif., with out reaching a verdict. In that point, they’ve requested solely two questions of the courtroom.
On Dec. 21, they asked if they may take jury directions dwelling. (The reply was no.)
On Thursday, they asked to hearken to audio reveals of Ms. Holmes speaking with buyers. Within the name, she stated she had constructed Theranos “partnerships with the pharmaceutical firms and our contracts with the navy,” regardless that pharmaceutical firms advisable in opposition to Theranos’s know-how and its gadgets have been by no means deployed on the battlefield.
The jury has provided no indication this week of the place it’s within the deliberation course of.
Through the practically four-month trial, the jurors heard from 32 witnesses, together with the defendant herself. All of it comes right down to Ms. Holmes’s intent: Did she imply to defraud buyers, sufferers, advertisers and others in her pursuit of investments and enterprise for Theranos, or was she appearing in good religion?
Prosecutors referred to as 29 witnesses — together with lab staff, docs, sufferers, buyers and business executives — of their try to color Ms. Holmes for instance of the worst excesses of Silicon Valley’s “faux it till you make it” start-up tradition.
Ms. Holmes raised practically $1 billion from buyers and signed contracts with Walgreens and Safeway primarily based on guarantees of cheaper, simpler blood testing. However as The Wall Road Journal revealed in 2015, Theranos’s personal gadgets may carry out solely 12 assessments. The corporate formally shut down three years later.
“She selected fraud over enterprise failure,” Jeff Schenk, an assistant U.S. legal professional, stated throughout closing arguments.
Ms. Holmes testified that she had been a well-meaning entrepreneur who believed her personal statements and trusted her scientists’ constructive suggestions about Theranos’s know-how. She additionally accused Ramesh Balwani, her ex-boyfriend and Theranos’s chief working officer, of abusing her, accusations he has denied.
“He impacted all the pieces about who I used to be, and I don’t absolutely perceive that,” she stated.