After four full days of deliberations in the fraud case against Elizabeth Holmes, no verdict was reached by the time jurors were excused on Thursday afternoon.
Deliberations in the case, which includes more than 900 exhibits and testimony from 32 witnesses, including Holmes herself, resumed Monday following a three-day weekend due to a court holiday Friday. Deliberations are scheduled to resume at the federal courthouse in San Jose on Tuesday, starting at 8:30 a.m. Pacific Time.
Holmes, 37, awaits her fate on 11 counts of criminal fraud and conspiracy first claimed in a superseding indictment, claiming she used her now defunct blood-testing company, Theranos, to defraud investors and customers. The biotech founder, first indicted in 2018, led the startup for approximately 15 years before it collapsed after a Wall Street Journal investigation exposed that Theranos could not conduct an array of blood tests from a finger prick of blood as Holmes had suggested.
Each charge carries a maximum penalty of 20 years in federal prison, $250,000 in fines, and restitution.
Here’s a look at the specific charges and their corresponding maximum penalties. Following a superseding indictment on 12 charges, one charge, count 9, was dropped.
Holmes stood trial for nearly four months. Ramesh “Sunny” Balwani, Holmes’ co-defendant, who was her longtime boyfriend and former president and COO of Theranos, is facing a separate trial, set to begin in February. Balwani is also charged with 11 counts of federal wire fraud and 2 counts of federal conspiracy to commit wire fraud.