Fallen Silicon Valley star Elizabeth Holmes took the witness stand late Friday in her trial for criminal fraud. The former entrepreneur will attempt to refute the U.S. government's allegations that she bamboozled investors and patients into believing that her startup, Theranos, would reshape health care.
Published Friday, November 19, 2021 6:28PM ESTSAN JOSE, Calif. - Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients into believing that her startup Theranos had developed a blood-testing device that would reshape health care, took the witness stand Friday in her trial for criminal fraud.
They also presented internal documents and sometimes salacious texts between Holmes and her former lover, Sunny Bulwani, who also served as Theranos' chief operating officer. Through the prosecution's case, Holmes sat bolt upright in her chair, impassive even when one-time supporters testified to their misgivings about Theranos.
As the company took shape, so did its vision. Ultimately Theranos developed a device it called the Edison that could allegedly scan for hundreds of health problems with a few drops of blood. Existing tests generally each require a vial of blood, making it both slow and impractical to run more than a handful of patient tests at a time.
But the Edison problems didn't become public knowledge until The Wall Street Journal published the first in a series of explosive articles in October 2015. An audit by the Centers for Medicare and Medicaid Services confirmed those problems the following year. Ellen Kreitzberg, a Santa Clara University law professor who has been attending the trial, said she thought the government had made a strong case.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
12 to stand trial for Kardashian West jewel heist in ParisTwelve people will stand trial in Paris over a US$10 million jewelry heist targeting Kim Kardashian West in 2016, authorities said Friday.
Read more »
ICC prosecutor suspends probe into Philippines drugs warInternational Criminal Court prosecutor pauses probe into Philippines drugs war
Read more »
With Olympic berths on the line, intensity runs high at Canadian curling trialsWhen it comes to intensity, nothing quite compares to the Canadian Curling Trials.
Read more »
Prince Charles cancels visit to aircraft carrier after British fighter crashPrince Charles has cancelled a planned visit to the HMS Queen Elizabeth aircraft carrier after an F35B jet from the ship crashed into the Mediterranean Sea.
Read more »
Coalition calls for automatic sealing of a criminal record if sentence served, no new convictionsPeople who have received a life sentence or an indeterminate one, such as dangerous offenders, would not see their records automatically expire
Read more »
Malcolm Turnbull: How Australia is standing firm against Chinese aggressionAustralia did not buckle to China\u0027s pressure
Read more »