https://safirsoft.com Holmes' testimony backfired - the jury found him to be the least credible
Two "firearms" help the jury decide Holmes' fate. To be convicted of fraud - a fake drug company report and inflated financial expectations.
Holmes was convicted earlier this week of conspiracy to commit wiretapping and three wiretapping scandals, all of which implicated investors. He was acquitted of defrauding patients, and the jury stood for defrauding three other investors. Four women and eight men who served on the jury reached their decision after more than 50 hours of deliberation.

Read more Elizabeth Holmes on four of 11 counts on four counts. Clearly convincing, with one jury describing the two pieces as "handgun smoking" in an interview with The Wall Street Journal. One of them was a report written by Theranos that Holmes presented to investors. It had a Pfizer logo at the top of each page, which appeared to be writing the drug company or confirming its results. The second is a set of financial forecasts that Holmes shared with investors, including Lake Capital Management, and the DeVos family office. "There were a lot of lies on that page of the newspaper," said Susanna Stefanik, Apple's chief editor, who was identified in the trial as the number 8 jury. "This was clearly an act of fraud." For 2015, the company expected revenue of $990 million with profits of $230 million, but the worst problem for the jury was the claim that Tranos generated $40 million in revenue from drug companies in 2014 despite the lack of a contract. In the same document, Lisa Patterson, who oversaw Theranos' investment in the DeVos family, referred to "900 stores" that told the court Holmes' claim that Theranos would have their own machines in 900 Walgreens stores. For Stefanek and the other jurors, the number was shocking: They heard in testimony that Months before Holmes delivered the document to Peterson, Walgreens drastically reduced the offer to 200 stores, and the Theranos test was finally offered in just 41 stores. "It's not uncommon in Silicon Valley," Stephen said. "At that time I had to say no." Yes, the lab was operating very poorly, they agreed, but they did not believe that the attorney general had provided enough evidence to convince them that Holmes had deliberately provided problem-solving tests to patients. “If all we had to prove was that he knew there might be problems in the lab and it might hurt patients, that would be one thing,” Stephenk said. But he and others felt the rate of counts was higher. The foreman, who did not want to be named, said he initially supported convicting patients of fraud but later changed his mind after the jury debated the case.

Witness Credit

In reviewing testimony heard in court, the jury rated each witness's credibility on a scale of one to four stars, with four stars being the most correct. Most had excellent grades, including Tranos patients, doctors, former Secretary of Defense Jim Mattis, and those who worked at Walgreens and Safeway.

One of the main witnesses, Erica Chung, appeared because she was known as a star. "He's invested in a certain outcome," Stephen said. Chung worked in Theranos Research and Development Laboratory and Clinical Laboratory. He quit after seven months and sent a disclosure report to the Centers for Medicare and Mediicide, claiming that the company typically collects cherry blossom data.

READ MORE Despite the abundance of evidence, Elizabeth Holmes claims she remembers differently, Cheung told the Wall Street Journal "there is a stigma against whistleblowers." Chung said the trial upheld his claims, adding that "my goal in life has never been to play a role in sending anyone to prison."

The lowest witness was Holmes himself. The jury generally believed Holmes' allegations of harassment by his ex-boyfriend and Theranos CEO Ramesh "Sunny" Palvani. But they didn't think it would play a role in fraud against investors.

With Holmes' testimony, the jury felt that "there was some pessimism that this was a hoax of sympathy." .



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