There is a new date of Jan 3, 2022.
According to the Associated Press, the former Theranos CEO was found guilty of four counts of wire fraud and conspiracy to commit wire fraud on Monday.
The chief executive of Theranos, Elizabeth Holmes, gestures as she speaks at a conference.
The images are from the same source.
After seven days of deliberations, the jury in San Jose, California, found the man not guilty on four additional counts, but they could not agree on a verdict on the final three counts.
The four guilty counts were tied to wire fraud and conspiracy against investors, the not-guilty counts were related to wire fraud and conspiracy against patients and doctors, and the three deadlocked counts concerned specific wire transfers.
The maximum sentence for conspiracy to commit wire fraud and nine counts of wire fraud is 20 years in prison and a $250,000 fine.
In the three-month-long trial, prosecutors argued that the company's machines could not perform dozens of tests using only a few drops of blood, despite the company's claims.
According to the Wall Street Journal, prosecutors can try to get a new trial on the three counts.
After dropping out of college at 19 and starting Theranos, she became well-known. Her high-profile backers included Murdoch and Kissinger. She was known for her deep voice and black turtlenecks. She was hailed as a role model for other women entrepreneurs and women in science, technology, engineering and mathematics. She made the cover of Forbes, Fortune, Inc. and the New York Times' T magazine. Barack Obama named him an ambassador of global entrepreneurship. Her alleged misdeeds were exposed in a Wall Street Journal series in 2015 and 2016 and were made well-known through the popular film The Inventor: Out for Blood in Silicon Valley. The former corporate controller of Theranos said that the company was recording record losses, but he overstated revenue projections. The defense team argued that the patient was not deceived. In her defense, she admitted to some wrongdoing. She said she wished she had done it differently.
What to watch for.
The same charges were brought against both of the people, and both pleaded not guilty. He will be tried separately on February 15. During her trial, she painted Balwani as an abusive partner and INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals
The jury was Deadlocked on three of the 11 counts.
The prosecution says that ElizabethHolmes was well aware of the Theranos problems but went to great lengths to deceive investors.
We learned a lot from the private text messages of Elizabeth Holmes.
Theranos lost hundreds of millions of dollars as ElizabethHolmes talked to investors.
The lawyer for Elizabeth Holmes says that failure is not a crime.
The defense rests in the criminal fraud trial of Elizabeth Holmes.
