Former Theranos CEO Elizabeth Holmes leaves national tribunal successful San Jose, Calif., Thursday, Dec. 23, 2021. (AP Photo/Nic Coury)
SAN JOSE, Calif. – The assemblage weighing fraud charges against erstwhile Theranos CEO Elizabeth Holmes volition commencement their 2nd week of deliberations Monday. Holmes faces 11 transgression charges alleging that she duped investors and patients by hailing her company’s blood-testing exertion arsenic a aesculapian breakthrough erstwhile successful information it was prone to chaotic errors.
The 8 men and 4 women connected the assemblage person been gathering successful a San Jose, California, national courthouse aft absorbing reams of grounds during a high-profile proceedings that has captivated Silicon Valley. The jurors deliberated for 3 days past week earlier adjourning Thursday day for the vacation weekend.
The lawsuit has attracted worldwide attention. At its halfway is the emergence and autumn of Holmes, who started Theranos arsenic a 19-year-old assemblage dropout and past went connected to interruption done Silicon Valley's male-dominated civilization with her bold claims and fundraising savvy. She go a billionaire connected insubstantial earlier it each evaporated amid allegations she was much of a charlatan than an entrepreneur.
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Holmes, present 37, spent seven days connected the witnesser basal acknowledging she made immoderate mistakes and decisions she regretted portion staunchly maintaining that she ne'er stopped believing Theranos was connected the verge of revolutionizing wellness care.
Holmes spent years promising Theranos would beryllium capable to scan for hundreds of diseases and different wellness problems with conscionable a fewer drops of humor taken with a digit prick alternatively of relying connected vials of humor drawn from a vein,
It was specified a compelling conception that Theranos raised much than $900 cardinal and struck partnerships with large retailers Walgreens and Safeway. Holmes herself became the taxable of screen stories connected concern magazines.
But chartless to astir radical extracurricular Theranos, the company’s blood-testing exertion was flawed, often producing inaccurate results that could person endangered the lives of patients.
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After the flaws were exposed successful 2015 and 2016, Theranos yet collapsed and the Justice Department filed a transgression lawsuit successful 2018 that charged Holmes with 11 felony counts of fraud and conspiracy.
If convicted, Holmes could look up to 20 years successful national prison.
The jurors person provided fewer clues astir however their deliberations person been going truthful far. During their archetypal week discussing the case, they sent 2 notes to U.S. District Judge Edward Davila.
Their archetypal asked if they could instrumentality location the assemblage instructions to reappraisal them, a petition that Davila swiftly rejected.
The different enactment prompted a replay of concealed recordings from a Holmes presumption to prospective investors during a December 2013 league call. In the recording, which was presented arsenic grounds astatine trial, Holmes boasts astir partnerships with established cause companies that hadn’t panned retired and imaginable U.S. subject contracts that ne'er materialized due to the fact that of problems with Theranos’ technology.
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After listening to the recordings again connected Thursday, the jurors near the courtroom without returning Holmes' regard from crossed the courtroom.
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