00:00About every day at this time, I say the same thing.
00:07We have Alexis Keenan, Yahoo Finance's Alexis Keenan, standing by as the jury deliberations of the Elizabeth Holmes trial keep going on here.
00:15So, Alexis, I was thinking you probably had something to talk about over the table over the weekend.
00:22But nevertheless, I'm thinking the jurors, well, they couldn't say anything.
00:25They must have had a tough time here.
00:27I'm wondering what the latest developments are here today.
00:31Hi, Jared.
00:32Yes, indeed.
00:33I imagine it is incredibly difficult as a juror to avoid the wealth of press surrounding this very closely watched trial.
00:42This is day number four of deliberations that got underway this morning just after 9 o'clock in the morning Pacific time.
00:48And it's to decide this very rare case to test the boundaries of hype against Elizabeth Holmes, the founder and CEO of her failed blood diagnostics company, Theranos, that she ran for just about 15 years.
01:01Now, so far, we have had just a sliver of insight into one single piece of evidence that jurors have found to be important.
01:11Jurors asked just before they closed deliberations on Thursday to hear a secret audio recording of Holmes when she was pitching a group of investors in 2013.
01:21And that time frame is shortly after Theranos launched its blood testing services in its Walgreens store locations.
01:29Now, jurors heard Holmes say when asked if there was a military aspect for Theranos that the company intended to pursue.
01:37Holmes says on one hand that the military is a big deal for the company and that confidentially she could talk about a couple of areas in which the company was focused.
01:47On one hand, in the context, she says, of work in the Middle East and specifically in Afghanistan.
01:52Also, she said they had been doing a lot of work for Special Operations Command.
01:57On the other hand, Holmes has also heard the saying that the company had to pause a large number of its ongoing military programs,
02:05as well as its pharmaceutical operations, so that it could focus more closely on its Walgreens and other retail services.
02:13And also, the company was executing on those pharmaceutical and military businesses.
02:19They said that they would leverage those more looking into the future.
02:23So, on one hand, you hear this contrast.
02:26And differently, three different investors testified during the trial that Holmes told them that the technology was already in use by the military.
02:36Holmes said on the stand's encounter to that, that she was trying to convey that the company was doing a lot of work on developing the device for these different avenues,
02:47including on medevac helicopters, but that the company was not actually having those in use by the military at that time.
02:56So, as those who have been following this case, no prosecutors are saying, no, Holmes went way too far overselling this technology,
03:04both in the military and pharmaceutical aspects, as well as in other representations about how well the technology works.
03:12But you get a sense here of what jurors have to parse through, 900-plus pieces of evidence.
03:17But so far, we've seen just this one that we know they were focused on here.
03:22Karina and Jared?
03:23Yeah, and Alexis, I'm beginning to wonder if we see any resolution, if we see a verdict before the end of this year,
03:29or we're going to have to wait until next year.
03:31And as you were saying, you know, Holmes herself took to the stand for seven days,
03:34trying to paint herself as this really well-meaning entrepreneur.
03:37But what if she is not successful and she happens to be found guilty on even one of the charges?
03:42So, I think we have a full screen that I hope you can show of the various charges.
03:49There were originally 12 counts.
03:51We're down to 11.
03:52One was dropped.
03:53But there are nine counts of wire fraud that carry 20 years in prison and 250,000 each in fines.
04:02Also, two counts of conspiracy to commit wire fraud.
04:05If there is a guilty verdict on any single one of these charges,
04:09and remember, the jury does not have to say it's an all-or-nothing deal here.
04:13They go methodically through each and one of these charges.
04:17If they do find her guilty on any of them,
04:20significantly, there are 20 years of potential prison sentence attached to any single one of them.
04:26One of the major factors that can really influence that sentence, though,
04:30once the sentencing guidelines and the judge's discretion are both applied,
04:35is the amount of money that the victims lost.
04:37So, these different transactions range in the multi-millions of dollars,
04:42which tends to bump up the number of years that a defendant,
04:46if they're found guilty, could be held in prison.
04:49So, really serious charges here.
04:51I'm sure as the day goes on, this is incredibly nerve-wracking for both sides.
04:56And hopefully not you, but we do appreciate your vigilance here.
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