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Theranos founder Elizabeth Holmes 'lied and cheated', trial hears
Source: BBC
Theranos founder Elizabeth Holmes 'lied and cheated', trial hears
By Daniel Thomas
Business reporter, New York
8 September 2021
Theranos founder Elizabeth Holmes "lied and cheated" for money and fame prosecutors alleged on the first day of the former Silicon Valley star's trial.
Ms Holmes faces 12 fraud charges over her role at the now-defunct blood-testing firm which was once worth $9bn.
She is accused of deceiving investors and patients by claiming her tests could detect illnesses using just a few drops of blood from a finger prick.
Her lawyers said she was simply a naive businesswoman whose firm failed.
"Failure is not a crime. Trying your hardest and coming up short is not a crime," Lance Wade, a lawyer for Ms Holmes said in his opening statement for the defence on Wednesday.
-snip-
By Daniel Thomas
Business reporter, New York
8 September 2021
Theranos founder Elizabeth Holmes "lied and cheated" for money and fame prosecutors alleged on the first day of the former Silicon Valley star's trial.
Ms Holmes faces 12 fraud charges over her role at the now-defunct blood-testing firm which was once worth $9bn.
She is accused of deceiving investors and patients by claiming her tests could detect illnesses using just a few drops of blood from a finger prick.
Her lawyers said she was simply a naive businesswoman whose firm failed.
"Failure is not a crime. Trying your hardest and coming up short is not a crime," Lance Wade, a lawyer for Ms Holmes said in his opening statement for the defence on Wednesday.
-snip-
Read more: https://www.bbc.com/news/business-58494912
Elizabeth Holmes is charged with 12 counts of fraud (Getty Image)
