Elizabeth Holmes occasionally smiled as she answered friendly questions about blood tests on the witness stand Monday. The fallen Silicon Valley star is charged with building a fraudulent company, Theranos. Her testimony is expected to get more intriguing.
Her testimony, which focused largely on her enthusiasm based on positive early tests of that blood-testing technology, may be her best shot to avoid conviction on charges of criminal fraud. Prosecutors alleged she duped investors and patients into believing she had invented a breakthrough in blood-testing technology.
Responding to friendly questions posed by one of her attorneys gives Holmes gets a chance to sway the jurors who will determine her fate. If convicted, Holmes, a former billionaire who is now 37, could be sentenced to up to 20 years in prison. “Results have been excellent,” one report said. Another concluded that the “results have been precise.”
But by 2015, Theranos’ own lab director concluded the company’s technology was malfunctioning in ways that produced misleading results that could potentially endanger patients. Theranos wound up running the tests on traditional blood-testing machines while continuing to raise hundreds of millions of dollars from billionaires and less sophisticated investors.
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The Elizabeth Holmes Trial: Founder Recounts ‘Big Idea’ That Led to Creation of TheranosElizabeth Holmes took jurors into the Theranos lab Monday during continued testimony at her criminal-fraud trial that tried to strike back at allegations that she knew the startup’s blood-testing technology was inaccurate and unreliable
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Elizabeth Holmes testifies in trial over Theranos: Latest newsElizabeth Holmes, the disgraced founder and former CEO of Theranos, is set to resume testifying Monday in her criminal trial.\nHolmes faces 11 federal fraud charges over allegations that she knowingly misled investors, doctors and patients about her company's blood testing capabilities in order to take their money. Holmes has pleaded not guilty and faces up to 20 years in prison.
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Elizabeth Holmes testifies in trial over Theranos: Latest newsElizabeth Holmes, the disgraced founder and former CEO of Theranos, is set to resume testifying Monday in her criminal trial.\nHolmes faces 11 federal fraud charges over allegations that she knowingly misled investors, doctors and patients about her company's blood testing capabilities in order to take their money. Holmes has pleaded not guilty and faces up to 20 years in prison.
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The Elizabeth Holmes Trial: Founder Recounts ‘Big Idea’ That Led to Creation of TheranosElizabeth Holmes took jurors into the Theranos lab Monday during continued testimony at her criminal-fraud trial that tried to strike back at allegations that she knew the startup’s blood-testing technology was inaccurate and unreliable
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Biden says 'we have to abide' by Rittenhouse verdictThe president said he hadn't watched the trial and that, 'I stand by what the jury has concluded.'
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