Holmes arrives at court to resume testimony in Theranos fraud trial

1

SAN JOSE, Calif., Nov 22 (Reuters) – Theranos founder Elizabeth Holmes is anticipated to retake the stand on Monday to defend in opposition to expenses of defrauding traders and sufferers in regards to the now-defunct blood-testing startup as soon as valued at $9 billion.

Holmes entered the courthouse in San Jose, California, early in the morning, the place greater than 50 journalists and spectators had been gathering.

She had testified for about an hour on Friday to defend in opposition to prosecutors’ accusations, and try to create affordable doubt in jurors’ minds that she supposed to commit fraud.

Register now for FREE limitless entry to reuters.com

Her choice to testify in her personal protection is dangerous, as a result of it exposes her to a probably robust and prolonged cross-examination by prosecutors.

Holmes, 37, is accused of constructing false claims about Theranos, together with that its know-how may run a spread of diagnostic checks extra shortly and precisely than standard laboratory testing with a drop of blood from a finger prick.

Once touted because the Steve Jobs of biotech, Holmes has pleaded not responsible to 9 counts of wire fraud and two counts of conspiracy.

Theranos’ fortunes waned after the Wall Street Journal printed a collection of articles beginning in 2015 that steered its units had been flawed and inaccurate.

Over the two-month trial, jurors have heard testimony from greater than two dozen prosecution witnesses, together with sufferers and traders whom prosecutors say had been deceived by Holmes.

The most critical expenses of wire fraud require prosecutors to show Holmes acted with intent to defraud.

Holmes on Friday stated that her work at Theranos led her to consider in the corporate’s know-how.

Defense lawyer Lance Wade instructed jurors throughout opening statements in September that Holmes had been a younger, hardworking entrepreneur who underestimated the obstacles Theranos confronted.

Register now for FREE limitless entry to reuters.com
Reporting by Jody Godoy in San Jose, California; Editing by Noeleen Walder, Bernadette Baum and Bill Berkrot

A man takes a picture while he stands in line outside of the San Jose federal courthouse where Theranos founder Elizabeth Holmes will attend her fraud trial at federal court in San Jose, California, U.S., November 22, 2021.  REUTERS/Brittany Hosea-Small

Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, U.S., November 22, 2021.  REUTERS/Brittany Hosea-Small

Theranos founder Elizabeth Holmes arrives to attend her fraud trial at federal court in San Jose, California, U.S., November 22, 2021.  REUTERS/Brittany Hosea-Small