Jan. 3 (UPI) — A California jury found entrepreneur Elizabeth Holmes guilty on four of 11 counts of fraud Monday in connection with the failure of her blood-testing startup Theranos in 2018.
The panel of 12 jurors found Holmes guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud in a San Jose, Calif., federal courtroom, The (San Jose) Mercury News and CNN reported.
She was acquitted on four other counts while a mistrial was declared on three additional counts of wire fraud.
The verdict came after more than seven days of jury deliberations and a four-month trial in which prosecutors presented reams of evidence against the charismatic 37-year-old Silicon Valley businesswoman.
Prosecutors said Holmes made false and misleading statements to investors about developing a device that could run a full range of blood tests with only a finger-prick sample.
The closely-watched trial, however, also featured a strong defense effort in which Holmes’ attorneys claimed she never had any intention of defrauding investors in the high-profile startup.
The jury delivered its decision hours after they had informed Judge Edward Davila they were unable to reach a unanimous verdict on three of the counts.
After receiving their note, Davila reiterated his original jury instructions and ordered them back into deliberations.
Following a request by prosecutors, Davila on Monday read standardized deadlocked-jury instructions to jurors while also noting that they pertained only to the charges upon which they can’t agree, The (San Jose) Mercury News reported.
“What I have just said is not meant to rush you or pressure you into agreeing on a verdict,” he said. “Take as much time as you need to discuss things. There is no hurry.”