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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