5.9k Share this

After 10 weeks, prosecutors have rested their case against Theranos’s founder in a high-profile trial in Silicon Valley in the United States.

By Bloomberg

Prosecutors concluded their case Friday against Theranos Inc. founder Elizabeth Holmes in her high-profile Silicon Valley trial.

Jurors in federal court in San Jose, California, have watched the government present evidence over 10 weeks through witnesses, documents, emails, video clips and audio recordings of the entrepreneur who dropped out of Stanford University to launch the blood-testing startup and serve as its chief executive officer.

Holmes, 37, is fighting allegations that she went to great lengths to deceive patients and investors while building Theranos into a $9 billion company before it collapsed in 2018. She and Theranos President Ramesh “Sunny” Balwani were charged with conspiracy and wire fraud that same year. They each face as long as 20 years in prison if convicted; Balwani will be tried separately next year and has pleaded not guilty.

The government has made the case that Holmes dazzled partners and investors with the expectation they would partake in – and reap the profits from – a revolution in health care, even as she knew her blood analyzers were a failed technology.

As Holmes begins to present her defense, a big question remains unanswered: Will she will testify? It seems unlikely jurors will hear from her until next week at the earliest. 

U.S. District Judge Edward Davila told jurors Friday the trial is unlikely to finish by Dec. 6, as originally planned. The judge addressed the lawyers on both sides while the jury was out of the courtroom.

“I don’t think any of you, I hope none of you, are being strategic in terms of timing,” he said. “None of you want the jury deliberating the case in the third week of December.”

Holmes’s lawyers have told the court that their first witness will be an employee from the defense team’s law firm, Williams & Connolly.

Lawyers for Holmes also indicated they intend to call as a witness former Amgen Inc. vice president Fabrizio Bonanni, who joined the board of Theranos in 2016 after it was besieged by regulatory scrutiny. Amy Saharia, a lawyer for Holmes, told the court that Bonanni would testify to the ex-Theranos CEO’s state of mind about her analyzers, that she “believed in the technology to the very end.”

(Updates with highlights of trial)

Source: Al Jazeera

5.9k Share this
You May Also Like

NBA ‘Quietly’ Returns to Chinese State Television After Three Years

The NBA continued its ongoing relationship with China this week when it…

Wagatha Christie trial: Rebekah Vardy BLAMES agent for leaks about Coleen Rooney on final day

Rebekah Vardy today blamed her publicist for selling stories about Coleen Rooney…

Bank customers are being swindled out of thousands of pounds by crooks who send fake card readers

Bank customers are being swindled out of thousands of pounds by crooks…

Sunday Times Rich List 2022: Who are the wealthiest people in the UK? Rishi Sunak joins top 250

Britain’s super wealthy have accumulated even more cash during the worst cost…

Twitter Will Hide Tweets Sharing ‘False Info’ During a ‘Crisis’

Twitter recently announced a new policy to prevent alleged “misinformation,” stating that…

VIDEO – Dog Fights Mountain Lion That Attacked Owner: 'I Owe Her My Life'

A loyal dog was ready to lay down her own life to…

ESPN’s Sage Steele Suffers Bloody Face Wound from Errant Tee Shot at PGA Championship

ESPN reporter Sage Steele suffered a brutal shot to the face from…

British scientists warned monkeypox would fill the void left by smallpox three years ago

Some of the country’s top disease experts warned that monkeypox would fill…