James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Elizabeth Holmes.
Mattis, in a San Jose federal courtroom over the course of nearly four hours, described believing so much in the promise of the company's mission to test for a range of conditions with just a few drops of blood that he invested $85,000 in the startup. But he testified that at a certain point, following growing scrutiny of the company's testing capabilities,"I didn't know what to believe about Theranos anymore.
At a subsequent event where Mattis was giving a speech in San Francisco, Holmes pricked his finger backstage."I believe that's when I first saw the machine, a box-like device sitting on a bench right there, and [she] explained about the speed and what it could do," he testified. He eventually threw his weight behind the startup's attempt to get its technology used on battlefields.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elizabeth Holmes Trial: Jim Mattis Tells Jury He Came to Doubt Theranos Technology“There just came a point where I didn’t know what to believe about Theranos anymore.” Former Defense Secretary Jim Mattis told a jury he once believed in Elizabeth Holmes, but ultimately came to doubt her blood-testing technology.
Read more »
James Mattis testifies he invested $85,000 in Theranos, ended up feeling 'disappointed'Mattis said his first impression of the CEO was “sharp, articulate, committed,” but he was at first hesitant to accept Holmes’ invitation to join the board.
Read more »
Elizabeth Holmes' private texts reveal she described herself as the 'best business person of the year'CNBC has obtained nearly 600 pages worth of text messages between former Theranos CEO Elizabeth Holmes and Sunny Balwani.
Read more »
The Elizabeth Holmes Trial: Jurors Hear First Patient Testimony About Theranos Blood TestsA woman testified at the Elizabeth Holmes trial about receiving two Theranos blood tests indicating she was miscarrying, when she in fact still had a healthy pregnancy
Read more »
Former US defense secretary testifies in Holmes fraud trialSAN JOSE, Calif. (AP) — Former U.S. Secretary of Defense James Mattis testified Wednesday in the trial of fallen tech star Elizabeth Holmes, saying the entrepreneur misled him into believing she was on the verge of rolling out a blood-testing breakthrough that he hoped would help save lives of troops in battle.
Read more »
Pentagon announces plan to implement sexual assault commission recommendationsThe announcement follows months of small steps taken inside the department to address the military's ongoing 'scourge' of sexual assault since Lloyd Austin became secretary of defense in January
Read more »