SAN JOSE, Calif. — Jurors ended a fourth day of deliberations with no verdict on Monday in the fraud trial of Elizabeth Holmes, the founder of the failed blood testing start-up Theranos.
Ms. Holmes, 37, faces 11 counts of wire fraud and conspiracy to commit wire fraud over fees that she lied about Theranos’s expertise as she sought investments and enterprise for her start-up. If convicted, she faces as much as 20 years in jail for every rely of wire fraud.
A jury of eight males and 4 girls additionally deliberated final Monday, Tuesday and Thursday. They are scheduled to return to federal courtroom in San Jose, Calif., at 8:30 a.m. Tuesday to renew deliberations.
On Thursday, they asked to listen to recordings of a name Ms. Holmes had with traders, in which she allegedly made deceptive claims about Theranos’s partnerships with pharmaceutical corporations and the army.
The jurors’ deliberations comply with an almost four-month trial that’s seen as a referendum on the worst excesses of Silicon Valley’s start-up tradition. Before Theranos collapsed, Ms. Holmes was a extremely celebrated feminine founder. She dropped out of Stanford University at age 19 to deal with her firm and spent the subsequent decade elevating almost $1 billion from traders.
In 2015, Theranos started to unravel after a Wall Street Journal investigation revealed that the firm had relied on commercially out there machines to carry out many of its blood assessments, quite than its personal supposedly revolutionary units. Theranos shut down in 2018, the identical 12 months Ms. Holmes was indicted.
During the trial, federal prosecutors have tried to show that Ms. Holmes deliberately deceived traders, sufferers and industrial companions by forging validation reviews, faking demonstrations and misrepresenting Theranos to the media and the public.
“She chose fraud over business failure,” Jeffrey Schenk, an assistant U.S. lawyer, said throughout the authorities’s closing argument.
Ms. Holmes, who took the stand for seven days in her personal protection, has tried portray herself as a well-meaning entrepreneur who believed her personal claims and was led astray by these round her.
“She believed she was building a technology that would change the world,” said Kevin Downey, a lawyer for Ms. Holmes.