Jury Convicts Theranos Founder Elizabeth Holmes on Four Counts of Fraud

A jury convicted Theranos founder Elizabeth Holmes on four counts of fraud and acquitted her on four others on Jan. 3.

After 45 hours of deliberation, the jurors found Holmes guilty of one count of conspiracy to commit wire fraud against investors and three counts of wire fraud against investors.

But the jury also acquitted Holmes on all four counts of wire fraud against patients.

The conviction came after the jury said earlier that they were “unable to come to a unanimous verdict on three of the counts” and would need more time.

The jury remained deadlocked on those three counts.

U.S. District Judge Edward Davila is expected to sentence Holmes at a later date.

Holmes, 37, could face decades in prison.

In the 15-week high profile trial, federal prosecutors accused Holmes of intentionally deceiving investors into supporting her company’s faulty blood-testing devices.

“She chose fraud over business failure. She chose to be dishonest with investors and patients. That choice was not only callous, it was criminal,” Prosecutor Jeff Schenk said in his closing arguments.


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