It lasted less than three weeks and was centered on one person's testimony and covered topics such as financial projections, private jets, and intimate partner abuse.
Lawyers for Elizabeth Holmes, the founder of Theranos, finished their defense on Wednesday. After seven days on the stand, her testimony ended abruptly on a question about justice.
They were entitled to tell the truth about Theranos's capabilities. Robert Leach, an assistant U.S. attorney and a lead prosecutor, asked Ms. Holmes about the investors and patients who are at the center of the case.
Ms. Holmes said yes.
The end of her defense marked the end of a trial that has riveted the public and is seen as a referendum on Silicon Valley's start-up culture. Ms.Holmes is accused of 11 counts of fraud related to her claims about Theranos.
Next, lawyers from both sides of the case will have to agree on jury instructions before they deliver their closing arguments. The jury will begin deliberations for a verdict in the case because so few technology executives face criminal fraud charges.
The person is from San Jose, Calif.
The person is from San Jose, Calif.
Carlos Chavarria is a writer for The New York Times.
Two counts of conspiracy to commit wire fraud and nine counts of wire fraud will be tried by a jury.
The key figures in the case are listed.
The person is from San Jose, Calif.
Stephen Lam.
Theranos was founded by a 19-year-old dropout. She raised $945 million from investors and was crowned the world's youngest billionaire, but she has been accused of lying about how well the technology worked. She has denied the charges.
The person is from San Jose, Calif.
The images are by Justin Sullivan.
The president and chief operating officer of Theranos from 2009 to 2016 was a romantic partner of the CEO. He is accused of fraud and may be tried next year. He has denied the charges.
The person is from San Jose, Calif.
The New York Times had Jefferson Siegel as a writer.
David Boies served on the board of Theranos.
whistle-blowers and reporters who questioned the company's business practices were tried to shut down.
The person is from San Jose, Calif.
The images are from the same company.
The journalist John Carreyrou exposed fraudulent practices at Theranos.
The implosion of Theranos was caused by his coverage of The Wall Street Journal.
The person is from San Jose, Calif.
Jeff Kravitz/FilmMagic.
Two people are whistle-blowers, one is a former Theranos employee. They worked at the start-up.
George Shultz was a former secretary of state and was on the Theranos board.
The person is from San Jose, Calif.
The New York Times has an employee named Eric Thayer.
James Mattis was a member of the board.
He was the secretary of defense.
The person is from San Jose, Calif.
The case will be overseen by a federal judge.
Kevin Downey is a partner at the Washington law firm Williams & Connolly.
The prosecution for the government will be led by Robert Leach, an assistant United States attorney for the Northern District of California.
Nov. 15, 2021.
The majority of her defense was made up of Ms.Holmes testimony. She blamed others for the failure of Theranos. She said that her words were misconstrued and that she thought Theranos devices worked. She said that she hid certain information because it was a trade secret. She focused on her ex-boyfriend and business partner, who she said was responsible for overstated financial projections and problems in the lab.
Ms. Holmes testified that Mr. Balwani had been controlling and abusive to her. She said that he had prescribed her schedule, diet, and who she could see. She said that he forced her to have sex with him.
It was difficult to separate where his influence began and ended, Ms. Holmes said when asked how that affected her work. Mr. Balwani strongly denied the allegations of abuse.
Ms.Holmes acknowledged making mistakes. She added the logos of pharmaceutical companies to the reports she sent out to investors, which led them to believe the drug companies had endorsed the technology. She regretted the way she handled the Wall Street Journal article with private investigators and legal attacks on former employees. She acknowledged allowing incorrect information to be disseminated in a positive Fortune cover article about her.
Ms.Holmes gave a speech about her intentions in pitching Theranos to investors and patients.
She said she wanted to convey the impact. I wanted to talk about what the company could do in the next 10 years. They were interested in what kind of change we could make.
It was meant to support the defense's main argument. Ms.Holmes made mistakes, her lawyers said. Her mistakes were not a crime. They argued that she was ambitious and nave, but never meant to deceive.
Lance Wade said in his opening statement that Theranos didn't see mistakes as crimes, but as part of the path to success.
Prosecutors tried to dismantle Ms. Holmes's excuses. The partners of Theranos signed nondisclosure agreements. He pointed out times when false and misleading information about Theranos was spread.
During testimony from 29 witnesses, Ms. Holmes's lawyers tried to create confusion around the facts of the case. They attacked the credibility of investors, trying to show that they should have done better research on Theranos before investing. They tried to argue that patients who testified that they received troubling blood test results were not qualified to interpret them.
