Theranos founder Elizabeth Holmes was convicted of four federal fraud charges Monday and acquitted on four others while a jury deadlocked on the three
devices were inaccurate, beginning the company’s eventual downfall.
The jury spent seven days going over the evidence and charges. On the third day of deliberations, jurors asked the judge to listen to audio clips of a 2013 call Holmes had with investors.. Judge Edward J. Davila, at the prosecutor’s request, read the jury instructions known as an “Allen charge” — telling them to resume deliberations and attempt to reach a verdict on the outstanding charges.
The government’s case included text messages between Holmes’ former business partner and ex-boyfriend, Ramesh “Sunny” Balwani, discussing Wall Street Journal reporter John Carreyrou. The couple expressed concerns over Carreyrou writing a negative article, with Balwani promising to “nail” the reporter.In her own testimony, Holmes repeatedly told prosecutors that she genuinely believed the statements she made to investors were true.“I was not,” Holmes said.
“I sure as hell wish we treated her differently and listened to her,” Holmes said. She then answered that she now understood that Cheung’s concerns were correct.a more humanizing light as a young visionary who made mistakes, countering the prosecution’s characterization of her as shrewd and calculating.
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