Elizabeth Holmes found guilty on four out of 11 federal charges
CNN
The jury in the criminal trial of Elizabeth Holmes, the former CEO and founder of Theranos, has reached a verdict. Holmes was found guilty on four charges — three counts of wire fraud and one count of conspiracy to commit wire fraud. The jury returned no verdict on three counts of wire fraud. She was found not guilty on three additional charges of wire fraud.
Holmes faces up to 20 years in prison as well as a fine of $250,000 plus restitution for each count of wire fraud and each conspiracy count.
Earlier Monday, the jury of eight men and four women, which had deliberated for 45 hours at that time, returned a note indicating they were at a standstill and could not reach a unanimous verdict on three of the 11 counts. In response, Judge Edward Davila, who is presiding over the case, issued what is known as an Allen charge, instructing them to continue deliberating to try to reach a verdict.