A woman accused of running a massive alleged fraud for her blood testing startup has a new plan to try and beat the case.
reporter John Carreyrou, who wrote extensively on Theranos’ rise and fall for the newspaper and in his own bookMs Holmes may have started Theranos with good intentions, but was primarily motivated by a desire for success and wanted to be the next Steve Jobs.
Theranos was also accused of lying about its devices being used by the US military, as well as overstating its revenue, claiming it made $100 million in 2014 when it really made 0.1 per cent of that. “The news that Elizabeth Holmes’s lawyers plan to present an insanity defence in her federal trial for criminal fraud is frankly astonishing,” Prof Feldman“Maybe the evidence against her is so strong that her lawyers are desperate. Or maybe they are hoping to follow a strategy of making the jury feel sympathy for her, giving them an excuse to acquit,” Prof Feldman wrote.
A rare photo of Ms Holmes wearing anything other than a black turtleneck. Picture: Justin Sullivan/Getty Images/AFPProf Feldman said her lawyers will have to prove to the jury whether Ms Holmes knew what she was doing and whether she knew it was wrong.
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