Tue. Jan 18th, 2022

The jury that weighs fraud charges against the former CEO of Theranos breaks down until after the New Year holidays.

The jury that faces fraud charges against former Theranos CEO Elizabeth Holmes left the court on Wednesday after reaching a six-day hearing without reaching a verdict. It will only resume bookings after the upcoming New Year holiday weekend.

The eight men and four women on the jury were expected to continue deliberations on Thursday morning, but a court ruling after they left revealed that they would take a break until Monday. There was no explanation for the decision to interrupt deliberation. The jury was already scheduled to be off on Friday, a federal court holiday.

The latest round of discussions took place against a backdrop of intrigue raised by a closed-door meeting early Wednesday involving Holmes’ lawyers, and the judge presiding over the case.

Judge Edward Davila in the United States on Tuesday morning held the “in camera” trial with two of Holmes’ lawyers, Kevin Downey and Lance Wade, along with two of the prosecutors, Jeffrey Schenk and Robert Leach, according to a court ruling late Tuesday night. . Holmes was not present at the 23-minute trial.

The trial transcript was sealed, leaving the topics discussed a mystery. But it is not uncommon for discussions on plea agreements to take place while a jury is deliberating on charges, especially the longer it takes to reach a verdict. The surprising decision to take off on Thursday may also have been a focal point.

Holmes, 37, is facing 11 criminal charges alleging that she misled investors and patients by considering her company’s blood test technology as a medical breakthrough when in fact it was prone to wild errors. If convicted, Holmes faces up to 20 years in prison.

The jury met in federal court in San Jose, California, after absorbing a wealth of evidence in a three-month trial that enchanted Silicon Valley.

Last week, the jury sent out two notes to Judge Davila – one that made a swiftly rejected request to take their instructions for further study with them and another that allowed them to repeat a 2013 recording of Holmes that Discusses Theranos’ dealings with prospective investors.

The jurors gave no clue this week about their progress in deliberations.

The case has attracted worldwide attention. At its core is the rise and fall of Holmes, who started Theranos as a 19-year-old college outcast and then broke through Silicon Valley’s male-dominated culture with her daring claims and fundraising skills. She became a billionaire on paper before it all evaporated amid claims that she was more of a charlatan than an entrepreneur.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *