This archive report was first published on 4 January 2022.
On January 3, 2022, a jury delivered a guilty verdict against Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, in a closely watched trial in San Jose, California.
Ms. Holmes, 37, was found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud, but was acquitted of four other counts. The jury was unable to reach a verdict on three counts, which were set aside for later.
After the verdict, defense and prosecution lawyers discussed plans for Ms. Holmes's sentencing, her release status, and the fate of the three hung charges. Judge Edward J. Davila of the Northern District of California said he planned to declare a mistrial on those charges, which the government could choose to retry.
Ms. Holmes can appeal the conviction, her sentence, or both. She will also be interviewed by the U.S. Probation Office as it prepares a pre-sentence report.
Each count of wire fraud carries up to 20 years in prison, but Ms. Holmes is unlikely to receive the maximum sentence due to her lack of prior convictions, according to Neama Rahmani, a former federal prosecutor.
