Jurors are set to hear a second day on Tuesday in the fraud trial of Elizabeth Holmes, founder of blood test start-up Theranos.
Ms Holmes, who pleaded not guilty, faces 11 charges of wire fraud and conspiracy to commit wire fraud. The final arguments in the case ended last week. On Monday, the judges began arguing at 8:30 a.m., and they left the court at 4 p.m.
If the arbitral tribunal of eight men and four women does not reach a verdict on Tuesday, additional time is scheduled for Thursday. Next days will be scheduled for Thursday if needed.
These discussions are the final stage of a nearly four-month trial that has drawn long lines of visitors eager to see a high-quality silicon fence entrepreneur defend himself.
Before his company stumbled, 37-year-old Ms Holmes was a role model for the genius founder. He founded Theranos in 2003, left Stanford University to focus on the company the following year and raised $ 945 million from investors. At its peak, Theranos was valued at $ 9 billion.
Ms Holmes sold her entrepreneurial vision and designed herself as a founder like Steve Jobs. He became a billionaire on paper, adorned the covers of many magazines and was widely celebrated.
But a 2015 Wall Street Journal investigation found that Theranos had raised a number of claims about its technology and business relationships. The company officially closed in 2018.
Judgment of the case reduces intent. Proponents of her case have been working to make the actual transcript of this statement available online. Defense sought to portray her as a well-meaning entrepreneur whose failure was not a crime.
Ms. Holmes’ testimony hosted the defense. He blamed senior laboratory staff for his company’s problems, argued that his own actions were misunderstood and said he believed Theronos’ claims about technology. Ramesh Balwani, her ex-boyfriend and former CEO of Theranos, has denied allegations that he abused her emotionally and physically.