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Elizabeth Holmes, the founder of Theranos who is accused by US prosecutors of embezzling hundreds of millions of dollars from depositors, is expected to testify Monday in a statement. a criminal offense.
The defenseman miraculously summoned the 37-year-old to stand up last week, giving him a chance to defend himself against the lies about the possibility of Theranos’ blood test machine.
His appearance in a courtroom in San Jose, California, has given the defendant, who wants to paint a picture of himself as a fictional liar, an opportunity to ask Holmes questions – although burning will not happen until later. after the Thanksgiving break.
“She should not have to prove her innocence,” said Amanda Kramer, a state attorney who works with Covington & Burling. “It should simply cause suspicion in the minds of the judges.”
“Respondents’ responses to interrogation, regardless of preparation, by their nature will be consistent, less prepared, less active,” Kramer said. Critics who testify in their trials are rare, he said, “because they are dangerous.”
Journalists and spectators gathered outside the courthouse from about 3 p.m. Monday. Holmes entered the court just before 8am.
In a brief appearance Friday, Holmes told the judges about the early days of Theranos at the age of 19. At its peak, the company was worth $ 9bn, with Holmes half.
Holmes has been case and fraud on the wire and a plot to deceive on the wire. He denied the allegations. If found guilty, he could face up to 20 years in prison.
Beyond the Holmes experience, observers say the spirit of Silicon Valley itself is a case in point, with questions about how confident entrepreneurs should be if their ideas do not come out as they wish.
“Efforts and failures are not a crime,” Lance Wade, Holmes’ lawyer, said in a statement.
The lawsuit was filed in a U.S. federal court in San Jose, California, on August 31, after a delay in a Covid-19 ban and Holmes’ pregnancy. She gave birth to a baby boy in July.
For more than 11 weeks, until it adjourned the case on Friday, the prosecutor called 29 witnesses, including former defense secretary Jim Mattis, a former member of the Theranos committee and invested in the company.
With Holmes at the show, the defenseman is expected to argue, as he did earlier in court, that Holmes was emotionally tortured by Ramesh “Sunny” Balwani, a Theranos official and Holmes’ ex-girlfriend. Balwani’s lawyers have denied the allegations.
Holmes had promised that Theranos would significantly reduce the cost and discomfort of blood transfusions and screening.
Theranos Edison machines were listed as part of a PC size that could take a small amount of blood through a “nanotainer” and test more than 200 tests. all over the world.
Behind the protests, the technology was failing and, according to the prosecutor, Holmes and his staff began to hide the company’s weaknesses by drafting medical records and making non-existent and legitimate agreements with major groups, such as the US military.
Barwani himself will try his case in a similar manner, possibly next year. Later, his legal team wants to ban the insertion of a random number on Balwani’s car which reads “DASKPTL”, meaning Karl Marx. Great.
“Whether it is heartfelt respect, mere rhetoric, or humor, Balwani’s license plate is not in line with the charges against him for fraud and embezzlement,” his lawyers said. reservation of court.
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