![]() ![]() Davila of California’s Northern District said he planned to declare a mistrial.Įach count carries a maximum sentence of 20 years in prison, terms that are likely to be served concurrently. The jury was unable to reach a verdict on three counts of deceiving investors, for which Judge Edward J. ![]() Holmes was found not guilty on four other counts related to defrauding patients who had used Theranos’s blood tests. A jury of eight men and four women took 50 hours over seven days of deliberations to reach a verdict, convicting her of three counts of wire fraud and one count of conspiracy to commit wire fraud by lying to investors to raise money for her company. Holmes, who had once promised to revolutionize health care, was the most prominent executive to field fraud accusations in a generation of high-flying, money-losing start-ups. Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, was found guilty of four of 11 charges of fraud on Monday, in a case that came to symbolize the pitfalls of Silicon Valley’s culture of hustle, hype and greed. ![]()
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