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On Monday, Elizabeth Holmes, the embattled entrepreneur Theranos, who was prosecuted for fraud after surviving months of accusations that she lied to get money for her blood test venture, sharpened her defense.
On the second day of his depositionDuring the meeting, which lasted less than two hours, Ms. Holmes’ lawyers showed exhibits and questioned her in opposition to the prosecution’s allegations that she had defrauded investors, patients and doctors.
The idea put forward by Ms. Holmes’ lawyers in the opening statements of the trial was to show that a core of truth could exist beneath some of the most blatant misrepresentations that prosecutors have shown Ms. Holmes has made.
Here are the main objections:
Theranos has worked with pharmaceutical companies
one of the keys claims Prosecutors claimed against Ms. Holmes that Theranos’ technology had been “extensively verified” by 10 of the world’s 15 largest pharmaceutical companies.
Prosecutors said that was not true. Yet Theranos sent reports Displaying these companies’ logos to investors confirmed that the reports gave young entrepreneurs credibility and helped persuade them to invest.
On Monday, Mrs. Holmes painted a different picture. He said Theranos is working with pharmaceutical companies. There were clinical studies and even a study published in a peer-reviewed journal. (Mrs Holmes’ lawyer did not name which one.)
The interrogation allowed Ms. Holmes to focus on Theranos’ early successes and conversations with potential partners and review the results of those conversations. Miss Holmes, Theranos’ achievements and her reportsIt seemed to give Theranos a stamp of approval from the pharmaceutical companies.
deflect the blame
During her testimony, Ms. Holmes also tried to deflect the blame. He said he learned Theranos’ technology from scientists and doctors working in the company’s lab. He added that he believed them when they said the technology worked. Conclusion: If Ms. Holmes believed the technology was real, she wouldn’t have intended to deceive investors.
“We thought it was a really great idea,” said Ms. Holmes.
Ms. Holmes was charged with 11 counts of fraud and conspiracy to commit fraud. He pleaded not guilty. If found guilty, he faces up to 20 years in prison.
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