A federal jury found Thernaos founder Elizabeth Holmes guilty of fraud on Monday.
Holmes was unanimously found guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud. She was found not guilty of four more charges and the jury could not reach a decision on three additional fraud charges.
She faces up to 20 years in prison for each charge, though it’s likely they would be served concurrently. A sentencing date hasn’t been given and it’s not clear if she will be placed into custody immediately in the meantime. Court watchers have said it’s likely Holmes will appeal.
Holmes, who had bowed her head several times before the jury’s decision was read aloud, remained seated and expressed no visible emotion as the verdict was given. Her partner, Billy Evans, showed agitation in earlier moments but appeared calm during the verdict reading.
It also comes after the jury of eight men and four women told Judge Edward Davila on Monday morning that they couldn’t reach an unanimous verdict on three out of 11 charges. Judge Davila then urged the jurors to keep deliberating, but the jury returned hours later to say they still remained deadlocked on three charges.
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