by: MICHAEL LIEDTKE, Associated Press
Former Theranos CEO Elizabeth Holmes leaves federal court in San Jose, Calif., Thursday, Dec. 23, 2021. (AP Photo/Nic Coury)
SAN JOSE, Calif. (AP) — The jury weighing fraud charges against former Theranos CEO Elizabeth Holmes will start their second week of deliberations Monday. Holmes faces 11 criminal charges alleging that she duped investors and patients by hailing her company’s blood-testing technology as a medical breakthrough when in fact it was prone to wild errors.
The eight men and four women on the jury have been meeting in a San Jose, California, federal courthouse after absorbing reams of evidence during a high-profile trialthat has captivated Silicon Valley. The jurors deliberated for three days last week before adjourning Thursday afternoon for the holiday weekend.
The case has attracted worldwide attention. At its core is the rise and fall of Holmes, who started Theranos as a 19-year-old college dropout and then went on to break through Silicon Valley’s male-dominated culture with her bold claims and fundraising savvy. She become a billionaire on paper before it all evaporated amid allegations she was more of a charlatan than an entrepreneur.
Holmes, now 37, spent seven days on the witness standacknowledging she made some mistakes and decisions she regretted while staunchly maintaining that she never stopped believing Theranos was on the verge of revolutionizing health care.
Holmes spent years promising Theranos would be able to scan for hundreds of diseases and other health problems with just a few drops of blood taken with a finger prick instead of relying on vials of blood drawn from a vein.
It was such a compelling concept that Theranos raised more than $900 million and struck partnerships with major retailers Walgreens and Safeway. Holmes herself became the subject of cover stories on business magazines.
But unknown to most people outside Theranos, the company’s blood-testing technology was flawed, often producing inaccurate results that could have endangered the lives of patients.
After the flaws were exposed in 2015 and 2016, Theranos eventually collapsed and the Justice Department filed a criminal case in 2018 that charged Holmes with 11 felony counts of fraud and conspiracy.
If convicted, Holmes could face up to 20 years in federal prison.
The jurors have provided few clues about how their deliberations have been going so far. During their first week discussing the case, they sent two notes to U.S. District Judge Edward Davila.
Their first asked if they could take home the jury instructions to review them, a request that Davila swiftly rejected.
The other note prompted a replay of secret recordings from a Holmes presentation to prospective investors during a December 2013 conference call. In the recording, which was presented as evidence at trial, Holmes boasts about partnerships with established drug companies that hadn’t panned out and potential U.S. military contracts that never materialized because of problems with Theranos’ technology.
After listening to the recordings again on Thursday, the jurors left the courtroom without returning Holmes’ gaze from across the courtroom.
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(The Hill) — More than 7,300 flights were canceled or delayed in the U.S. on Sunday due to spikes of COVID-19 cases as many people sought to travel home from their Christmas holiday destinations, USA Today reports.
Approximately 5,900 flights were delayed as the omicron variant has led to a surge in coronavirus cases nationwide. About 1,400 flights were canceled altogether, according to the news outlet, which gathered its data from the flight-tracking website FlightAware.
SUMMIT COUNTY, Colo. (KDVR) – A crash west of Eisenhower Tunnel forced the closure of westbound Interstate 70 between Loveland Pass and Silverthorne on Monday morning.
Winter driving conditions continue through the mountain areas, and officials are also planning on completely closing I-70 starting at 9 a.m. for winter maintenance operations as crews work to mitigate avalanches.
(NerdWallet) – Rerouting, rebooking, diverting, you name it. Making last-minute flight changes can be an enormous stressor amid an already stressful holiday travel season.
Hundreds of flights have already been canceled last-minute due to pandemic-related staffing shortages. Perhaps a coronavirus variant surge forces you to cancel your trip. Or what if a winter snowstorm prevents you from taking off?