Home Game News In a marvel move, Elizabeth Holmes is testifying on the Theranos fraud trial

In a marvel move, Elizabeth Holmes is testifying on the Theranos fraud trial

by arun809097
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Elizabeth Holmes, the founder and CEO of disgraced blood-testing enterprise Theranos, took the stand in her own protection overdue Friday, in a surprise flow via the defense group. Holmes is being attempted on charges of wire fraud and conspiracy to commit twine fraud, for allegedly misleading investors and sufferers approximately Theranos’ blood checking out device.

Holmes took the stand just after 6PM ET on Friday, to the marvel of most within the courtroom. Verge editor Liz Lopatto, who has been protecting the trial, said Holmes regarded relaxed as she spoke back questions on her background and the business enterprise.

Theranos changed into once worth round $nine billion earlier than investigative reporter John Carreyrou wrote an disclose for The Wall road magazine that said the company wasn’t the usage of its own tool for the blood tests it turned into accomplishing, and organisation personnel were worried the tool wasn’t correct. After extra WSJ reports confirmed that the enterprise’s exams were defective and it voided two years of results from its Edison blood-testing device, Holmes become banned from working labs, and Theranos dissolved in 2018.

The authorities rested its case on Friday morning, after several weeks, during which dozens of witnesses testified about Holmes and the paintings Theranos did. Her protection team is expected to argue that Ramesh “Sunny” Balwani, Holmes’ ex-boyfriend and commercial enterprise associate at Theranos, became abusive closer to her and “that any achievement she done turned into because of him.” Balwani is being attempted one by one next year.

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