Elizabeth Holmes Trial: Prosecutor for Cross-Examining Former Theranos CEO

SANTA CLARA COUNTY, California (CROWN) – Former Theranos founder Elizabeth Holmes will be cross-examined by prosecutors on Tuesday in her criminal fraud case.

The trial lasts three months and it will be her fifth day at the witness stand.

The 37-year-old former Silicon Valley star and her former partner, Ramesh “Sunny” Balwani, are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud related to an alleged multi-million-dollar scheme to defraud investors with their blood test technology business.

For the last four days, it was her lawyers who asked her questions – and drew a picture that Holmes was not himself, but instead controlled by Balwani, who also ran Theranos with her.

She claims he sexually assaulted her and controlled almost every facet of her life.

Prosecutors claim that her blood test device, which made her a billionaire by luring investors in, was not what it was advertised to be. They said she knew it was not testing all the suffering it claimed, but still asked investors to pour hundreds of millions of dollars into her business.

This story will be updated.

Give a Comment