Theranos founder Elizabeth Holmes resumes testimony in the closely watched fraud trial over her failed blood-testing startup.
that the now-defunct blood-testing firm she started in 2003 misled investors and patients, charging her with two counts of conspiracy to commit wire fraud and nine counts of wire fraud.
Holmes’ attorney, Kevin Downey, spent the court time questioning his own client — the defense’s first opportunity to directly refute the government’s allegations of fraud. Though, as prosecutors had noted, the defense had already spent more time cross-examining the prosecution's witnesses than the government had.
Additionally, Holmes explained, there were some attempts to work with a section of the United States Army known as the Telemedicine and Advanced Technology Research Center, or TATRC. Witnesses for these companies testified earlier that the use of the logos was unauthorized and they weren’t aware of how Theranos was representing them.
The case has drawn widespread fascination beyond the world of business and startups, becoming the source of multiple TV and movie adaptations, books and podcasts following the blow-by-blow. Self-described “girl boss” fans defend Holmes on social media and wear t-shirts referencing the company's story.
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Read more »
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Read more »
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Read more »