Elizabeth Holmes Trial: Theranos Founder Trial Begins Opening Discussion

San Jose, CA-After a three-year delay Theranos Founder and CEO Elizabeth Holmes Trial It started Wednesday morning in the US District Court in San Jose.

Seven male and five female juries heard opening statements from the prosecution and the defense lawyer, outlining what evidence and testimony is expected over the next three months or more.

Holmes has been charged with 12 frauds and wire frauds in connection with Silicon Valley company Theranos.

In a government opening statement, U.S. lawyer Robert Reach told the jury that Holmes was fraudulent and misleading to attract investors and extend the availability of its testing equipment to Walgreens and Safeway stores. Said he was engaged in the planning of. Reach claims that the test results are inaccurate, and the jury will hear from misdiagnosed patients.

At the same time that Holmes continued to attract more money from investors, an email trail pointing out those issues with Holmes would be shared.

Later, defense lawyer Lance Wade made an opening statement, stating that Holmes “did not go to work every day with the intention of lying, deceiving, and stealing.” He described the Stanford University dropout as having been fully committed to building a successful company and providing jobs to hundreds of people for 15 years. Her goal was to make blood tests cheaper and more accessible to more patients, even without insurance, he said.

Prosecutors have shown that witnesses, along with investors, may include patients with inaccurate blood results. The defense urged the jury to be patient as evidence will be presented over the next three months.

Holmes sat at the defense table during the morning session. So far, there are no signs of whether she will testify in defense. There is also no mention of any abuse defenses that may have been disclosed in the recently opened court filings.

Copyright © 2021 KGO-TV. all rights reserved.



Elizabeth Holmes Trial: Theranos Founder Trial Begins Opening Discussion

Source link Elizabeth Holmes Trial: Theranos Founder Trial Begins Opening Discussion

The post Elizabeth Holmes Trial: Theranos Founder Trial Begins Opening Discussion appeared first on Illinois News Today.

No comments:

Post a Comment