Elizabeth Holmes silent while leaving courthouse after guilty verdict

Feelings Drama

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00:00The guilty verdicts have come in. You've had some time to think about this. Do you have anything

00:04to say? Breaking tonight, former Theranos CEO Elizabeth Holmes quiet as she leaves the San

00:12Jose courthouse, sworn by reporters after hearing a split verdict in her federal fraud case. Good

00:18evening, everyone. I'm Heather Holmes. And I'm Alex Savage. The verdict in the Elizabeth Holmes

00:22case comes in a combination of guilty, not guilty, and deadlock conclusions. Jurors found Holmes

00:28guilty on four counts, including three counts of wire fraud and one count of conspiracy. They found

00:34her not guilty on four other counts, and they deadlocked on another three counts. KTVU's

00:40Evan Cernofsky has been following this trial from the very beginning. He joins us now live once again

00:45from the courthouse there in San Jose with reaction to this afternoon's split verdict. Evan.

00:52That's right, Heather. As you saw, Elizabeth Holmes just left this courthouse moments ago

00:58walking across the street to the hotel she's been staying at since the prosecution and defense

01:04finished their closing statements way back on December 17th. Now, since then, the jury spent

01:11seven full days deliberating. Today was the seventh full day, and they came to this verdict guilty on

01:19four counts. All four of those counts are related to investors. The first count, the conspiring with

01:24her co-defendant in this case, Sunny Balwani, to defraud the investors. Three other guilty verdicts

01:30related to those investors. Really the weakest part of the prosecution's case here, the counts

01:36against the patients they came back not guilty on, and then three of those counts that the jury

01:43went back and forth sending notes to the judge coming back again. They deadlocked on those counts.

01:49We're expecting the judge to hold a hearing next week in which he's expected to dismiss those counts or

01:57find that it was not guilty or no verdict on those counts. So as we move on here, the U.S. Attorney's

02:12office issued a statement. Stephanie Hines just moments ago said Elizabeth Holmes was found guilty

02:19of a large-scale investor fraud, and she must face sentencing. Now, the big question coming up in here

02:26is when will that sentencing be? That's going to be at a later time. Elizabeth Holmes wasn't remanded

02:32into custody. As I said, we saw video of her leaving the courtroom amid a whole swarm of photographers.

02:39This is obviously a very high-profile case and a culmination of four months of testimony from 32

02:48witnesses, most of them from the prosecution, a lot of them investors, as I said, and those are the

02:54counts that the jury came back guilty on. Heather? Yeah, and Evan, as you mentioned, Elizabeth Holmes

02:59herself not making any public statements regarding today's guilty verdict. Anything yet, though, from the

03:05defense? We haven't heard anything. There's been no comment. All we've seen is these really emotional

03:14moments from Holmes, from her family. After the verdicts were read, Holmes turned to her family,

03:20gave them each a hug and a kiss. She was clearly upset. She was crying. Her father was in the hallway,

03:27seated in the hallway, looking very dejected and upset. They spent a few moments. They all gathered

03:34together. They held hands, as they had done so many other times, and walked out of this courtroom amid

03:41this real, real media frenzy. And keep in mind, this is a media frenzy that Elizabeth Holmes helped

03:48cultivate throughout her time at Theranos. All of those magazine profiles, all of those interviews

03:55with the media. And now, once the attention is on her, as her company started to come apart,

04:03as she had this dramatic fall from grace, all of this attention that's been on her since she was the

04:09high-rising CEO is now on her at really one of her lowest moments in her career. Yes, certainly is,

04:17Evan. But what a day when you think about how this day started in getting that note from the jury

04:22that they were deadlocked on three charges. Right, this developed quickly. I mean,

04:28this has been dragging on. Keep in mind, we've had extended breaks for Christmas. We've had extended

04:34breaks for New Year's. It's been since December 17th that this jury has been deliberating. Granted,

04:41it's only been seven full days because of those breaks. But finally, today, we heard the third note

04:48from the jury. It had been 10 days since we had even heard a note from the jury saying that they

04:53were deadlocked. That seemed to give us a little indication, deadlocked on those three counts,

04:57I should say. It seemed to give us a little indication that they were moving toward a verdict.

05:02And then right at the end of the day, right toward four o'clock, they came back. They said they're not

05:07able to resolve those three other investor counts. And here we are, guilty on four counts,

05:13three of them fraud, one of them conspiracy to commit fraud. Yeah, such a long wait for all of us and

05:22obviously, you know, several months for the jury involved. Great reporting today, Evan. Thanks

05:27for breaking that news on Twitter. Really appreciate your great work throughout the trial.

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