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Elizabeth Holmes jury deadlocked on 3 charges

Former Theranos CEO Elizabeth Holmes leaves federal courtroom in San Jose, Calif ., Thursday, Dec. 23, 2021.( AP Photo/ Nic Coury)( AP Photo/ Nic Coury/ AP Newsroom)

The California jury on the criminal fraud case against Theranos founder Elizabeth Holmes says she is stuck on 3 of the 11 charges she faces. The body, made up of eight men and four women, moved a notice to the judge on Monday stating that they could not reach a unanimous decision on the seventh day of deliberations on Holmes’ fate. The jury was still able to decide on the remaining eight parts. This narrative is in progress and will be updated.

Holmes, 37, has been charged by “prosecutors ” on nine wire transfer fraud cases and two cable assign scheme contingencies for misinforming investors and patients with her company’s miscarried blood testing technology. Any fee carries a maximum penalty of 20 “years imprisonment”. Holmes has pleaded not guilty on all indicts and stood in defense during the trial, admitting he was sorry but revoked cheating on anyone.

She likewise alleged her ex-boyfriend and onetime Theranos Chief Operating Officer, Ramesh “Sunny” Balwani, of supposedly misinforming her about the effectiveness of Theranos technology, and blamed him with feelings and sex offense.

Balwani faces his own trial next year over his alleged Holmes, who founded Theranos at the age of 19 after drop out of Stanford University and astounding Silicon Valley and investors with the promise that Theranos technology would work with exactly a few Drops of blood from individual patients could diagnose various categories of infections instead of the traditional blood vessels drawn from the patient.

The young financier became a billionaire on paper after he rose more than$ 900 million in investors, but it began to solve 2015 after the Wall Street Journal uncovered that Theranos abusing traditional machines for its testing rather than its own technology.

Flaws in the health care startup’s technology were also learnt, indicating that Theranos’ own diagnostics were not accurate.

Holmes was indicted in 2018, the same year Theranos shut down.

Read more: techncruncher.blogspot.com

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