Federal prosecutors had accused Holmes of spearheading a massive scam as she promised patients and investors that Theranos was building technology capable of revolutionizing medicine.
“You know that at the first sign of trouble, crooks cash out,” Downey told jurors in San Jose federal court. “She went down with that ship when it went down.”“She believed she was building a technology that would change the world,” he added.
“He told me that I didn’t know what I was doing in business, that my convictions were wrong, that he was astonished at my mediocrity and if I followed my instincts, I was going to fail,” Holmes said.
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