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Sign up for Axios NW Arkansas Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Want a daily digest of the top DC news? Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter. Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Enter your email address[ ] Please enter a valid email. Please enter a valid email. Subscription failed Subscribe for free Thank you for subscribing! Updated 22 hours ago - Health Theranos founder Elizabeth Holmes found guilty Dan Primack Dan Primack, author of Pro Rata Photo illustration: Aida Amer. Photo: Justin Sullivan/Getty Images Elizabeth Holmes, the founder and former CEO of blood-testing company Theranos, on Monday was found guilty of conspiracy and fraud against certain investors by a California jury. Why it matters: Holmes was the poster child of Silicon Valley hubris, taking "fake it till you make it" to illegal extremes. She was found not guilty on several charges relating to patients and company ads in Arizona. * Holmes was found guilty of four charges of wire fraud and conspiracy to commit wire fraud with regards to certain investors (though the jury couldn't reach a verdict in the case of three counts relating to investors). * Holmes is expected to appeal. Each guilty verdict carries a maximum sentence of 20 years in prison though she would likely serve them concurrently, the New York Times notes. This case was specifically about what Holmes told Theranos investors, although her lies also impacted partners and patients. * The company raised over $1 billion, including at a valuation of nearly $11 billion, from an eclectic mix of investors that included Rupert Murdoch, Tim Draper, Betsy DeVos, James Mattis, the Walton family and the Cox family. * Theranos dissolved in 2018, laying off all remaining employees and giving back what little cash it had left to creditors. The big picture: Prosecutors keyed in on what they called "knowingly false statements" made by Holmes, particularly over what could and couldn't be done by Theranos' blood analysis technology. * Defense attorneys portrayed Holmes as more naive than duplicitous, and as the victim -- both psychologically and sexually -- of former Theranos COO Sunny Balwani, whose own trial is slated for later this year. What's next: During a hearing next week, federal prosecutors are expected to tell the court how they'd like to proceed with the three counts that have been declared a mistrial. * While Holmes will not be detained for now, prosecutors have asked for her to be out on a secured bond. A sentencing hearing will be set at a later date. * Balwani is now set to stand his own trial on similar charges, next month. Editor's note: This post has been updated with new details throughout. Go deeper Ivana Saric Jan 3, 2022 - Politics & Policy Elizabeth Holmes jury to continue deliberations amid deadlock on 3 charges Elizabeth Holmes exits federal court in San Jose, Calif., on Dec. 21, 2021. Photo: David Paul Morris/Bloomberg via Getty Images The jury in the criminal fraud trial of former Theranos CEO Elizabeth Holmes informed the judge that it has been unable to reach a unanimous verdict on three of the case's 11 counts. The latest: The jury notified U.S. District Judge Edward Davila of the deadlock in a note Monday morning, though they did not specify which of the three counts were disputed, the New York Times reported. Go deeper (<1 min. read) Nathan Bomey 19 mins ago - Politics & Policy Biden hungry to squelch food inflation President Biden holds a virtual meeting with farmers and ranchers. Photo: Roberto Schmidt/AFP via Getty Images Rising food prices are bedeviling the Biden administration, fueling consumers' concerns about inflation and prompting the president to target the meatpacking industry. Why it matters: American families are fretting over food prices, which rose 6.1% from November 2020 to November 2021, according to the latest Consumer Price Index data. Go deeper (1 min. read) Erin Doherty 3 hours ago - Politics & Policy Capitol Police chief: Jan. 6 anniversary events "aren't of much concern" Pro-Trump protesters gather in front of the Capitol Building on Jan. 6, 2021, in Washington, D.C. Photo: Brent Stirton/Getty Images The U.S. Capitol Police chief said Tuesday that he is not concerned about security on the anniversary of the deadly Jan. 6 Capitol riot this Thursday. Driving the news: "We're aware of several events that are planned for Thursday. Most of them aren't of much concern to us, there's no intelligence that indicates that there would be any problems," Capitol Police Chief Tom Manger said at a news conference. Go deeper (1 min. read) Axios gets you smarter, faster with news & information that matters. 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