September 24, 2021

Biz Journal

Business perfection

Theranos Founder Elizabeth Holmes’s Trial Begins

SAN JOSE, Calif.—Prosecutors started giving opening statements Wednesday within the extremely anticipated felony trial of Theranos Inc. founder Elizabeth Holmes, who faces federal expenses of defrauding sufferers and traders with claims of revolutionary blood-testing know-how.

The opening remarks in courtroom are the primary alternative for the previous chief government’s attorneys and the prosecutors with the U.S. lawyer’s workplace within the Northern District of California to affect the jury in a trial anticipated to final greater than three months. Ms. Holmes rose to fame as a Stanford College dropout who based what gave the impression to be a cutting-edge well being firm, which was valued at greater than $9 billion earlier than imploding over questions on its know-how.

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