Closing arguments to begin in Elizabeth Holmes trial

Closing arguments have begun in the trial of Elizabeth Holmes.

SAN JOSE, Calif. -- Closing arguments in the 15-week-long criminal fraud trial of Theranos founder Elizabeth Holmes are scheduled for Thursday morning at a California federal court.

Federal prosecutors will close their side of the case first, followed by closing remarks from the defense and then the government's rebuttal before the case goes to the jury.

Holmes, who completed her testimony last week after seven days on the stand, is charged with 11 counts of fraud for allegedly defrauding investors and patients in connection with her one-time multibillion-dollar blood-testing startup.

The 37-year-old faces nine counts of wire fraud and two counts of conspiracy to commit wire fraud, and could be sentenced to decades in prison if convicted. She pleaded not guilty.