Elizabeth Holmes faces wire fraud and conspiracy to commit electronic fraud.
San Jose, USA:
Fallen biotech star Elizabeth Holmes told a US fraud trial on Monday that she trusted her blood-testing start-up because of researchers’ feedback, and was denied prosecuted that she was a fraud concealing its flaws.
Holmes is likely to face jail if convicted for allegedly misleading investors in his popular Silicon Valley firm Theranos, which collapsed after its diagnostic machine failed to work. act as promised.
Interrogated in a courtroom in San Jose, California, she cited examples of researchers who provided encouraging feedback on Theranos technology.
Holmes said on Monday in defense of the system: “I have said that we are meeting the design goals for this system.
Holmes tells how Theranos developed a desktop computer that uses robots, software and sensors to run medical tests on blood samples small enough to draw with a fingertip. Feedback in the emails included in the evidence was positive.
She told the jury she understands that a Theranos Series 4 machine is being developed that “can do any blood test.”
Holmes began testifying on Friday, describing himself as a committed innovator who spent his savings and dropped out of an elite university to pursue his vision.
She launched Theranos in 2003 at the age of 19, eventually promising self-service testers that could run a gram of analysis for cheap and with just a few drops of blood.
Holmes rose to fame while convincing celebrity advocates, journalists and business partners that her ideas could be turned into reality and could change the way care works. health.
She attracted supporters like Rupert Murdoch and former US Pentagon chief Jim Mattis, but it all unraveled after a series of Wall Street Journal stories in 2015 questioned whether Theranos’ machine works or not.
Her defense opened up the argument that she was guilty of nothing more than trying and failing to execute a visionary idea.
Holmes faces charges of telephone fraud and conspiracy to commit electronic fraud, which carries a potential for decades in prison if convicted.
(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)
