Jurors end deliberations for a second day in Elizabeth Holmes' trial.

Jurors ended deliberations for a second day on Tuesday in the fraud trial of Elizabeth holmes , the founder of the blood testing start-u...


Jurors ended deliberations for a second day on Tuesday in the fraud trial of Elizabeth holmes, the founder of the blood testing start-up Theranos.

Ms Holmes, who has pleaded not guilty, faces 11 counts of wire fraud and conspiracy to commit wire fraud. Closing arguments in the case concluded Last week. Monday, the jurors has begun deliberating around 8:30 a.m. They left the courthouse around 4 p.m.

On Tuesday, the jury of eight men and four women again began deliberating around 8:30 a.m. and stayed all day, at one point asking the judge if they could review the jury’s instructions at home. (The answer was no.) Overtime is scheduled for Thursday. Other days will be scheduled if necessary.

The deliberations are the final stage of the nearly four-month trial, which has drawn long lines of spectators can’t wait to see a high-profile Silicon Valley entrepreneur defend herself in a case seen as a referendum on start-up culture.

Before her business faltered, Mrs Holmes, 37, was the founding genius. She founded Theranos in 2003, left Stanford University the following year to focus on the business, and raised $ 945 million from investors. At its peak, Theranos was valued at $ 9 billion.

Ms. Holmes also sold her entrepreneurial vision and introduced herself as a Steve Jobs-style founder, even wearing a black turtleneck uniform. She became a billionaire on paper, featured on the covers of numerous magazines, and was widely celebrated.

But a 2015 Wall Street Journal investigation found that Theranos had exaggerated many of its claims about its technology and business relationships. The company officially closed in 2018.

A verdict in the case comes down to intention. Prosecutors argued Ms Holmes deliberately deceived investors and patients as she sought investment and business for her start-up. The defense sought to portray her as a well-meaning entrepreneur whose failure was not a crime.

Testimony of Mrs. Holmes anchored the defense thesis. She blamed the lab’s senior workers for her company’s problems, argued her own actions were misunderstood, and said she believed her claims about Theranos’ technology. She also said that Ramesh Balwani, her ex-boyfriend and former director of operations at Theranos, had emotionally and physically assaulted her, accusations he denied.

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Newsrust - US Top News: Jurors end deliberations for a second day in Elizabeth Holmes' trial.
Jurors end deliberations for a second day in Elizabeth Holmes' trial.
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