Former Theranos CEO Elizabeth Holmes was convicted on 4 of 8 counts in her criminal fraud trial.
This is a breaking news update. Previous story as follows:is continuing deliberations after they told the judge they were unable to come to a unanimous verdict on three counts in the case.
"You have a duty to deliberate to reach a unanimous verdict if each of you can do so." Judge Edward Davila told the jury."Take as much time as you need to discuss things. There is no hurry.""I think it's a good sign that they are coming to a decision and I think they reached out to the judge to get some reassurance and guidance that they are doing the right thing," said Michele Hagan, legal analyst.
Holmes is facing 11 felony counts of fraud and conspiracy alleging she duped investors, business partners and patients about Theranos' technology. She repeatedly claimed that the company's new testing device could scan for hundreds of diseases and other problems with a few drops of blood taken with a finger prick instead of a needle stuck in a vein.
Theranos and Holmes were able to raise more than $900 million from billionaire investors such as media magnate Rupert Murdoch and software titan Larry Ellison. The Palo Alto company also negotiated potentially lucrative deals with major retailers Walgreens and Safeway and Holmes quickly began to grace the covers of national magazines as a wunderkind.
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