San Jose, Calif. — The jurors now liable for assessing 11 fees of fraud and conspiracy in opposition to former Theranos CEO Elizabeth Holmes are scheduled to start their first full day of deliberations Monday. They’ve loads of proof to evaluate after a three-month trial that captivated Silicon Valley.
That included the testimony of 32 witnesses — including Holmes herself — and greater than 900 displays.
The eight males and 4 girls on the jury took the weekend off after Decide Edward Davila handed them the case late Friday afternoon. They’re charged with deciding whether or not Holmes turned her blood-testing startup into an enormous rip-off. If convicted on all counts, Holmes, 37, might withstand 20 years in jail.
The trial revolves round allegations that Holmes duped investors, enterprise companions and sufferers about Theranos’ expertise. She repeatedly claimed that the corporate’s new testing machine might scan for tons of of ailments and different issues with a number of drops of blood taken with a finger prick as a substitute of a needle caught in a vein.
The idea was so compelling that Theranos and Holmes have been in a position to elevate greater than $900 million, a few of that from billionaire traders similar to media magnate Rupert Murdoch and software program titan Larry Ellison. The Palo Alto, California, firm additionally negotiated doubtlessly profitable offers with main retailers Walgreens and Safeway. Holmes quickly started to grace nationwide journal covers as a wunderkind.
Unknown to most individuals outdoors Theranos, the corporate’s blood-testing expertise was flawed, usually producing inaccurate outcomes that might have endangered the lives of sufferers who took the exams.
After the issues have been uncovered in 2015 and 2016, Theranos ultimately collapsed. The Justice Division filed its legal case in 2018.
In a dramatic turn on the witness stand final month, Holmes testified that her former lover and enterprise partner Sunny Balwani had been covertly controlling her weight loss plan, her friendships and extra whereas subjecting her to psychological, emotional and sexual abuse. Though the testimony solid Holmes as Balwani’s pawn, her protection workforce didn’t point out the alleged abuse and its results on Holmes throughout closing arguments.
Balwani’s lawyer adamantly denied Holmes’ accusations in courtroom paperwork that the jury by no means noticed. Jurors additionally by no means heard from Balwani, who meant to invoke his Fifth Modification proper in opposition to self-incrimination had he been referred to as to testify. Balwani, 56, faces comparable fraud fees in a separate trial scheduled to start in February.
That leaves the jury to determine whether or not the alleged companion abuse could have affected Holmes’ selections at Theranos.