Closing arguments in the 15-week-long criminal fraud trial of Theranos founder Elizabeth Holmes are scheduled for today at a California federal court.
Holmes, the disgraced founder and former CEO of Theranos, testified for seven days, denying she intentionally deceived anyone about her blood testing startup.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.
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.Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, Calif., Dec. 16, 2021.
"This is a case about fraud, about lying and cheating to get money," Assistant U.S attorney Robert Leach told jurors in his opening statement Sept. 8. "The government would have you believe her company, her entire life, is a fraud. That is wrong. That is not true," he added."In the end, Theranos failed, and Ms. Holmes walked away with nothing. But failure is not a crime. Trying your hardest and coming up short is not a crime."
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