Elizabeth Holmes trial: jury finds Theranos founder guilty on four fraud counts

Elizabeth Holmes, founder of Theranos, has been found guilty on four of 11 charges of fraud, concluding a high profile trial that captivated Silicon Valley and chronicled the missteps of the now-defunct blood testing startup.

On Monday, the seventh day of deliberations, the jury told US district judge Edward Davila that it was unable to reach to reach a unanimous verdict on those three charges. In response, Davila encouraged them to deliberate further, but jurors later returned and rendered their final decision.

As the verdict was read, the Theranos founder bowed her head, remained seated and expressed no visible emotion. Her partner, Billy Evans, showed agitation in earlier moments but appeared calm during the verdict reading.

The jurors found Holmes guilty of one count of conspiracy to defraud investors, one count of $38m of wire fraud against investor Brian Grossman, and another count of $4.9m in wire fraud against the DeVos family, another large Theranos investor. Holmes was also found guilty on a count of $6m of wire fraud against attorney and former investor Dan Mosley.

Holmes was meanwhile acquitted on three charges, including one conspiracy to defraud patients and two charges related to patients who received inaccurate test results. One charge was thrown out earlier in the trial, and the jury did not come to a verdict on the remaining three charges.

Holmes, 37, faces 20 years in prison. She pleaded not guilty and is expected to appeal.

After the judge left the courtroom to meet with jurors individually, Holmes got up to hug her partner Billy Evans and her parents before leaving with her lawyers.