Unlike the conspiracy counts, the wire-fraud counts don’t require that Ms. If they find she acted in “good faith”- meaning she had an honest belief in the truth of her statements to investors and patients-that could mean she didn’t have the intent to defraud necessary for a conviction. Holmes had the intent to cheat others out of money. They must also agree that the false or deceitful statements she made to other people were “material”-significant enough that they influenced investors to write her a check and persuaded patients to swap a traditional lab service for Theranos. Holmes participated in or devised a scheme to obtain money from others by false pretenses or half-truths. Holmes intended to help accomplish the plan’s objectives-to commit a crime-and had the knowledge that what she was doing was unlawful.įor the nine wire fraud counts, jurors must decide that Ms. Holmes faces, jurors must decide that she made an agreement to commit fraud in partnership with another person. Holmes often said on the stand she didn’t remember events she was asked about.įor the two conspiracy counts Ms. They may take into account her own interest in the outcome of the case, her manner while testifying, whether she was believable and her memory. Holmes-given over seven days-the same as testimony from any other witness, and they may choose to believe all, part or none of what she said on the stand. Bankman-Fried hasn't been charged with a crime, but he's in legal jeopardy after revelations that his company was unable to give depositors their money back because some of it was used to fund risky, losing bets.Jurors must treat the testimony from Ms. Holmes' sentencing comes as another young tech former billionaire icon, Sam Bankman-Fried, faces a daunting future, following the sudden collapse of his cryptocurrency exchange FTX last week.
The Theranos founder gave birth in July to her first child, and is expecting another.
Holmes' partner, Billy Evans, told the court that the former employee made remorseful remarks at their shared residence.īut that employee, Adam Rosendorff, told the court that his remarks were due to distress at the thought of a child spending time without their mother.
#Theranos elizabeth holmes trial
The erstwhile billionaire had attempted to move for a new trial after a former employee appeared at her doorstep in August to speak with her. District Court Judge Edward Davila, who presided over Holmes' trial, handed down the sentence. In July, Balwani, who was romantically involved with Holmes years earlier, was found guilty of 12 criminal fraud charges. Prosecutors sought a 15 year sentence for the pregnant 38-year-old former billionaire and Silicon Valley celebrity. "I have felt deep pain for what people went through because I failed them. Thank you for the courtesy and respect you have shown me," she said Friday. Once valued at $9 billion by private investors, Theranos shut down in 2018. Whistleblowers and other witnesses came forth to provide detailed accounts of how Holmes and former operating chief Ramesh "Sunny" Balwani deceived patients, partners, investors and employees about the company's progress and the capabilities of its technology. The Wall Street Journal first broke the story of how Theranos' blood-testing technology was struggling to meet expectations in 2015. Instead, she was given 135 months, which amounts to 11 years and three months, behind bars. Her defense team argued she should face a maximum sentence of 18 months, according to court filings. I gave everything I had to build my company." Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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