But ahead of her sentencing, she is asking for a new trial. Her Conviction: In January, the Theranos founder was found guilty of four of 11 charges of fraud.Holmes wasn’t a creature of Silicon Valley, or so the refrain went. Con Artist: With Theranos, her blood-testing company, Elizabeth Holmes fooled investors, employees and media outlets.Edlin testified that Theranos sometimes hid failures or didn’t even try to analyze a blood sample during technology demonstrations.Įlizabeth Holmes’s Epic Rise and Fall The Theranos founder’s story, from a $9 billion valuation to a fraud conviction, has come to symbolize the pitfalls of Silicon Valley’s culture. Holmes’s brother who became a senior product manager at Theranos. This week’s star witness was Daniel Edlin, a college friend of Ms. Here are the key takeaways from the week’s proceedings. Holmes faces 12 counts of wire fraud and conspiracy to commit wire fraud. Holmes’s alleged deceptions, trying to make the case that she intentionally misled Theranos’s investors, commercial partners and the United States military.
In previous weeks, jurors heard from former Theranos lab employees who detailed the blood-testing technology and retail partners who testified about how the start-up had failed to hit deadlines or achieve agreed-upon goals. In the seventh week of the fraud trial of Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, testimony moved away from science and into discussions of faked demonstrations and misleading marketing.
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