SOME BREAKING NEWS WE WANT TO
GET TOO OUT OF CALIFORNIA.
CONCERNS. THE ELIZABETH HOLMES
TRIAL. THE VERDICT IS IN THE
DISGRACED THERANOS FOUNDER AND
CEO FOUND GUILTY ON 4 OF 11
COUNTS IN HER LANDMARK SILICON
VALLEY FRAUD CASE. THE JURY
REACHING A VERDICT.
>> JUST MOMENTS AGO AFTER 7
DAYS OF DELIBERATIONS. NBC
NEWS SENIOR BUSINESS REPORTER
BEN POPKIN JOINS US NOW LIVE
THEN. SO BREAK IT DOWN FOR US.
IT SEEMS HERE. THE JURY SIDED
WITH THE PROSECUTORS IN
BELIEVING THAT THAT ELIZABETH
MISLED INVESTORS WHEN SHE WAS
RUNNING THERANOS.
>> RIGHT. WE’RE LOOKING AT A
SPLIT VERDICT HERE AND WE’RE
GETTING 4 COUNTS GUILTY 4
COUNTS NOT GUILTY 3, NO
DECISION IN THE HOLMES CASE.
WHEN YOU START TO LOOK AT THE
PATTERN OF WHY SHE’S FOUND
GUILTY NOT GUILTY ON
CONSPIRACY COMMIT WIRE FRAUD.
ONLY ONE OF THOSE SHE WAS
FOUND GUILTY ON SEVERAL OF THE
COUNCIL WHERE SHE WAS ACCUSED
OF DEFRAUDING THERE WAS NO
VERDICT GIVEN IN 3 OF THOSE
THAT COULD BE A POTENTIAL A
MISTRIAL ON THOSE COUNTS WHICH
TO LAY THE BASIS FOR AN A FOR
THE TRIAL ON THOSE. BUT SHE
WAS FOUND GUILTY ON COUNT 6,
7, 8, THESE WHERE SHE WAS
DEFRAUDING INVESTORS 10 FOR A
NEARLY OVER A $100,000,
INCLUDING A FIRM CONNECTED TO
FORMER SECRETARY OF FAMILY
OFFICE, BETSY DE VOS, BUT SHE
WAS NOT FOUND GUILTY
DEFRAUDING PATIENTS OR WIRE
FRAUD IN CONNECTION WITH A
PURCHASING ADVERTISEMENTS TO
PROMOTE HER THEN ELIZABETH
HOLMES DEFENSE HERE WAS THAT
IT WASN’T HER. IT WAS SORT OF
HER UNDERLINGS. OTHER PEOPLE
CONNECTED WITH THERANOS, BUT
SHE WASN’T GUILTY OF THESE
CRIMES. THE JURY OBVIOUSLY
THOUGHT SOMETHING DIFFERENT.
WHAT WAS THE BIGGEST PIECE OF
EVIDENCE HERE THAT SORT OF
TURNED THE CASE AGAINST
ELIZABETH HOLMES. WE SHOULD
MENTION EACH OF THESE COUNTS.
>> HOLD UP TO 20 YEARS IN
PRISON. ONE OF THE MOST
BLOCKBUSTER PIECES OF EVIDENCE
WAS ACTUALLY HOMES AS WORDS.
HER SOUTH. THERE WAS A SECRET
PHONE CALL SECRET AND CALL
WITH INVESTORS THAT WAS
RECORDED BY ONE OF THE
INVESTORS AND THAT WAS ONE OF
THE PIECES OF EVIDENCE THAT
THE JURY ASKED IN ONE OF THEIR
FEW NOTES FOR IT TO BE PLAYED.
IT WAS HER MAKING BOLD CLAIMS
SORT OUTLANDISH CLAIMS THAT
THERE CANNOT BE SUPPORTED BY
THE EVIDENCE WHERE SHE CLAIMED
THAT THEY WERE GOING TO BE
PUTTING EDISON’S. THEIR 3RD
HAS BLOOD TESTING DEVICE ON
MET OF ACTS THAT THEY WERE ON
TRACK TO MAKE OVER BILLION
DOLLARS AND THAT THEY WERE
CONDUCTING ALL THE TESTING
THEIR OWN EQUIPMENT WHEN IN
FACT THEY’RE ACTUALLY
OUTSOURCING ON THIRD-PARTY
DEVICES, NOT TELLING INVESTORS
OR PATIENTS THAT THEIR REAL
PROPRIETARY TECHNOLOGY DIDN’T
WORK.
>> YOU KNOW, BUT FUN TO OUR
VIEWERS HOW STRANGE THIS CASE
IS BECAUSE THIS IS SORT OF A
LANDMARK CASE. YOU REALLY DO
NOT SEE CEOS OF TECH COMPANIES
GET PROSECUTED LIKE THIS. THIS
IS QUITE RARE.
>> A VALLEY BEING HELD ON
TRIAL. THIS WHOLE IDEA OF FAKE
IT TO MAKE THE SAME KINDS OF
PRACTICES THAT FOLKS LIKE
STEVE JOBS USED TO MAKE IT TO
THE TOP. HE WENT ON STAGE AND
HELD UP A BARELY FUNCTIONING
IPHONE MADE IT LOOK LIKE IT
WORKED. AND APPLE IS ONE OF
THE TOP COMPANIES IN AMERICA.
WHEN YOU APPLY IT TO MEDICAL
TECHNOLOGY WHEN YOU’RE TALKING
ABOUT REAL PEOPLE’S HEALTH.
THE PROSECUTION TRYING JUSTICE
AND THE JURY COMING DOWN AND
SAYING THE BUCK STOPS ARE YOUR
WORDS MATTER. SHE’S BEEN FOUND
GUILTY ON SOME OF THESE
CHARGES. THEN POPKIN FOR US