Elizabeth Holmes trial live – Former Theranos chief’s fate hangs in the balance as jurors deliberate verdict for Day 4


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

In March 2018, the United States Securities and Exchange Commission charged former Holmes and Theranos chairman Ramesh 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 than 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 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.

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

Downey said Holmes “believed she was building technology that would change the world.”

The jury deliberated for three days last week before being removed from office Thursday afternoon for the bank holiday weekend.

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

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

  • Ramesh “Sunny” Balwani also judged

    Balwani, 56, is set to stand trial for fraud next year and has previously claimed he was innocent of any allegations of abuse.

    Elizabeth Holmes attorney Lance Wade blamed her ex-boyfriend.

    “You will learn that Mr. Balwani did not welcome people who disagreed with him,” Wade said and blamed Balwani’s erratic behavior as the reason why so many Theranos employees stood by. are directed to the exit.

    It was Balwani, said Wade, who was directly responsible for overseeing the Theranos lab that federal prosecutors said gave misleading blood test results that put people’s lives at risk.

    “If what the government is trying to show is that Theranos’ clinical lab was not well run from 2013 to 2016, we will probably agree with what they have to say,” Wade said. .

  • Elizabeth Holmes accuses her ex of abuse

    Elizabeth Holmes has accused her ex-boyfriend of sexual and emotional abuse while on trial for defrauding patients and investors.

    Holmes and former Theranos chairman Ramesh “Sunny” Balwani, 56, allegedly defrauded investors of $ 700 million.

    The tycoon now faces up to 20 years in prison and a fine of up to $ 3 million if convicted – but unsealed legal documents in her case reveal she intended to defend herself claiming that her ex-boyfriend had emotionally and sexually assaulted her, damaging her state of mind at the time of the alleged crimes, NPR reported.

    The 37-year-old blamed her former partner Balwani.

  • 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.

  • 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 ABC Radio’s podcast The Dropout: “When she came to see 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.

  • When was Holmes charged?

    Holmes was indicted in 2018, with the trial scheduled for July 28, 2020 in San Jose, Calif., But has since been delayed three times.

    The trial was initially delayed due to the coronavirus pandemic and was later extended even further as jury selection was pushed back due to Holmes’ pregnancy.

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

  • Does Elizabeth Holmes have children?

    Elizabeth Holmes and Billy Evans share a son, William Holmes Evans.

    Their son was born July 10 in Redwood City, Calif., According to birth certificates obtained by ABC News.

  • How long has Elizabeth Holmes been married?

    Sources told the Vanity Fair that Elizabeth Holmes and Billy Evans were secretly married in 2019.

    News of the secret wedding came months after Bilton reported that Holmes, 35, was engaged and living in San Francisco.

    It was later revealed that Holmes’ fiance was Evans. The couple met at a party in 2017, according to Elle, and were spotted attending Burning Man together in August 2018, days before Theranos was completely shut down.

    Holmes wears Evans’ signet ring from his alma mater MIT on a chain around his neck, according to the New York Post.

  • 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 Theranos, a failed blood testing startup, has reportedly found time to get engaged and has 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.

  • What is Elizabeth Holmes net worth?

    In 2014, Elizabeth Holmes 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.”

  • 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.

  • 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 Theranos?

    Elizabeth Holmes had founded the blood testing company in 2003 when she was just 19 years old.

    She pitched her technology as a cheaper way to perform dozens of blood tests with a simple finger prick and a few droplets of blood.

    Holmes said she was inspired to start the business in response to her fear of needles.

  • Who is Elizabeth Holmes?

    Elizabeth Holmes is a former American businesswoman who was the founder and CEO of Theranos, a now defunct health technology company.

    She was born in 1984 in Washington DC but raised in Houston, Texas.

    During her studies, she became interested in computer programming.

    She later attended Stanford University where she studied chemical engineering.

    During this time, she also worked in a laboratory at the Genome Institute in Singapore.


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