Elizabeth Holmes trial live – Former Theranos chief’s fate hangs in the balance as jurors fail to deliver verdict on day 4


THE jury in the trial against former Theranos CEO Elizabeth Holmes is in its second week of deliberations.

In March 2018, the United States Securities and Exchange Commission charged former Holmes and Theranos chairman Ramesh “Sunny” Balwani with fraud by taking more than $ 700 million from investors while advertising a fake product.

Theranos, a Silicon Valley biotech company, was once valued at $ 10 billion and claimed to have created groundbreaking medical testing equipment.

The diagnostics company promised faster and cheaper results compared to traditional labs, running an analytical range with just a few drops of blood. However, after years of hype and billions of dollars later, the miracle machines would not have worked.

Prosecutors allege Holmes knew this, but continued to lie to investors, doctors and patients so she could raise more than $ 700 million.

Holmes’ attorney Kevin Downey told the judge his client “had always acted in good faith and was driven by ambition and optimism.”

If convicted, Holmes faces up to 20 years in federal prison.

Read our Elizabeth Holmes live blog for the very latest news and updates …

  • Where is the trial taking place?

    Elizabeth Holmes’ trial is taking place in San Jose, California.

    Jurors left the Federal Courthouse Tuesday afternoon after the fifth day of deliberations.

  • Who is Elizabeth Holmes husband?

    William “Billy” Evans, is believed to have grown up near San Diego, California. He is one of three children born to his parents, Susan and William L. Evans.

    Evans attended the Massachusetts Institute of Technology, where he graduated in 2015 with a bachelor’s degree in economics.

    During the summers between studies, Evans worked at various financial and consulting firms in California, according to his LinkedIn. He was also a student responsible for the brand at Red Bull while at MIT.

    The Evans family has lived in the San Diego area for generations. Billy Evans’ grandparents, Anne and William D. Evans, founded a hotel management group in 1953 called Evans Hotels.

    The group manages three properties in the San Diego area.

  • Elizabeth Holmes is married?

    The founder of the Blood test start-up Theranos failed would have found the time to get engaged and is now married.

    Holmes recently got married in a secret wedding ceremony, her husband is William “Billy” Evans, a 27-year-old heir to the Evans Hotel Group hotel chain in California.

  • Holmes denied the charges

    Holmes has denied nine charges of wire fraud and two of conspiracy to commit wire fraud.

    Prosecutors allege she tricked investors into funding her company, Theranos Inc.

    The company promised faster and cheaper results than traditional labs, running an analytical range with a few drops of blood.

    After years of hype and billions of dollars later, the miracle machines would not have worked.

    It is alleged that Holmes knew this, but continued to lie to investors, doctors and patients so that she could raise over $ 700 million.

  • What is Holmes’ net worth?

    In 2014, she was dubbed the world’s youngest self-made billionaire woman, with an estimated net worth of $ 4.5 billion.

    In 2016, after fraud accusations came to light, Forbes revised his estimate of Holmes’ net worth to zero.

    Fortune then named her one of the “most disappointing leaders in the world.”

  • When did Holmes step down as CEO?

    Holmes resigned as CEO of Theranos in 2018 after being indicted by the SEC, Stanford Daily reported.

    Holmes was banned from the lab testing industry for two years in 2016 following the launch of an FDA investigation into Theranos in 2015.

  • Where did Holmes work during his university studies?

    Elizabeth Holmes worked in a laboratory at the Genome Institute of Singapore.

    There, she tested the Severe Acute Respiratory Syndrome Coronavirus (SARS-CoV-1) through collecting blood samples with syringes.

  • Elizabeth Holmes’ fear of needles

    The former founder of Theranos has claimed her fear of needles prompted her to develop a system capable of testing on one or two drops of blood.

    It has been reported that Holmes’ mother and grandmother also did not take the needles well and passed out at the sight of them.

  • Once nicknamed the next Steve Jobs

    The 37-year-old was once considered a rising star in Silicon Valley, which has led to comparisons to Apple’s Steve Jobs.

    Holmes fueled this idea by dressing almost entirely in black turtlenecks.

  • What did the defense say?

    Elizabeth Holmes’ attorney, Kevin Downey, told the judge his client “had always acted in good faith and was driven by ambition and optimism.”

    Downey defended his client’s intentions, saying Holmes “believed she was building technology that would change the world.”

  • Toxic claims in the workplace

    According to approximately 100 employee reviews, the work environment at Theranos was allegedly toxic.

    The company has also been described as a revolving door when it comes to hiring and firing employees.

    Former employee Justin Maxwell said during the first episode of Podcast “The dropout”:

    “Elizabeth did a great job recruiting amazing people. I would watch those people I trusted go away, ”Maxwell said.

    “Our office was right next to the General Counsel and the Business Development Manager, two people for whom I had immense admiration. They were extremely sharp and knew the industry very well and they just disappeared. “

  • When was Holmes charged?

    Holmes was indicted in 2018, the trial originally scheduled for July 28, 2020 in San Jose, California.

    The trial was delayed due to the coronavirus pandemic and was subsequently extended even further, with jury selection postponed due to Holmes’ pregnancy.

    The trial is now in its final stages, as the jury deliberates.

  • Second week of deliberations

    Holmes’ jury began their second week of deliberations on Monday, December 27, 2021.

    Before adjourning on December 22, jurors deliberated for three days.

    Jury selection for Holmes’ trial – in San Jose, Calif. – began on August 31.

    Prosecutors had previously had to delay the trial after her lawyers told the government she was pregnant on March 2 and asked the judge to postpone jury selection.

  • Did Elizabeth Holmes rig her voice? Continued

    An ex-employee claimed that she sometimes slipped into a higher-pitched voice during vocal events.

    And Dr Phyllis Gardner, a professor at Stanford University where Holmes studied, told the ABC Radio podcast The dropout: “When she came to me, she didn’t have a low voice.”

    But Holmes’ family say his deep voice is natural and “not out of tune.”

  • Did Elizabeth Holmes rig her voice?

    Elizabeth Holmes’ voice has been called into question, with ancient acquaintances suggesting her noticeable deep tone is not real.

    One of them said out of public view that he “transformed into a more natural young woman’s voice.”

    It was alleged that she rigged her tone to impress male associates.

  • Is the jury close to a verdict?

    The jury left no indication on Tuesday as to where it is rendering a verdict.

    Deliberations are set to resume Wednesday morning, and it’s unclear how long the jury could take.

  • How long could Elizabeth Holmes be behind bars?

    If found guilty, Elizabeth Holmes faces up to twenty years in federal prison.

    Prosecutors alleged that Holmes tricked investors into funding Theranos Inc.

    It is alleged that Holmes knew she continued to lie to investors, doctors and patients so that she could raise over $ 700 million.

  • Who is Sunny Balwani, continued

    Balwani met Holmes in Berkeley. She was 18 and a final year in high school.

    They reportedly began a romantic relationship the following year, after Holmes dropped out of Stanford University in March 2004 to found Theranos.

    Balwani joined the company in 2009 and quickly rose through the ranks from Vice President to Chief Operating Officer.

  • Who is Sunny Balwani?

    Ramesh “Sunny” Balwani is Elizabeth Holmes’ ex-boyfriend and the former head of blood testing startup Theranos, Inc.

    The 56-year-old American businessman is accused alongside Holmes of fraud and conspiracy to allegedly deceive investors and doctors to help fund the business and provide false medical results to patients.

    Balwani was born in 1965 in Pakistan to a Hindu Sindhi family who emigrated to the United States.

    He studied Information Systems at the University of Texas at Austin.

  • Why is Elizabeth Holmes on trial? continued

    The case centers on diagnostic company Theranos, which has promised faster and cheaper results than traditional labs, running an analytical range with just a few drops of blood.

    However, after years of the hype, and billions of dollars later, the miracle machines would not have worked.

    It is alleged that Holmes knew this, but continued to lie to investors, doctors and patients so that she could raise over $ 700 million.

  • Why is Elizabeth Holmes on trial?

    Elizabeth Holmes has denied nine charges of wire fraud and two of conspiracy to commit wire fraud.

    If found guilty, she faces up to 20 years in prison.

    Prosecutors alleged that she tricked investors into funding her company Theranos Inc.

  • What is the composition of the jury?

    Eight men and four women make up the jury for Elizabeth Holmes’ trial.

  • When did the trial start?

    The trial began in September.

    It has lasted four months so far, with 32 witnesses on the stand.

    Pleadings concluded on December 17.

  • Jury requests

    The jury sent two notes during the deliberations with questions for the judge.

    A juror asked the judge if he could take the jury’s instructions home. The judge denied the request.

    In the second note, the jury asked to listen to the taped phone calls between Holmes and the investors of Theranos.

  • What is Holmes’ net worth?

    In 2014, she was dubbed the world’s youngest self-made billionaire woman, with an estimated net worth of $ 4.5 billion.

    In 2016, after fraud accusations came to light, Forbes revised his estimate of Holmes’ net worth to zero.

    Fortune then named her one of the “most disappointing leaders in the world.”


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